China Datang Corporation Renewable Power Balance Sheet Health
Financial Health criteria checks 3/6
China Datang Renewable Power has a total shareholder equity of CN¥37.4B and total debt of CN¥58.1B, which brings its debt-to-equity ratio to 155.5%. Its total assets and total liabilities are CN¥108.5B and CN¥71.1B respectively. China Datang Renewable Power's EBIT is CN¥4.8B making its interest coverage ratio 3. It has cash and short-term investments of CN¥2.8B.
Key information
155.5%
Debt to equity ratio
CN¥58.13b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥2.80b |
| Equity | CN¥37.37b |
| Total liabilities | CN¥71.10b |
| Total assets | CN¥108.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DT7's short term assets (CN¥25.0B) exceed its short term liabilities (CN¥23.3B).
Long Term Liabilities: DT7's short term assets (CN¥25.0B) do not cover its long term liabilities (CN¥47.8B).
Debt to Equity History and Analysis
Debt Level: DT7's net debt to equity ratio (148%) is considered high.
Reducing Debt: DT7's debt to equity ratio has reduced from 259.3% to 155.5% over the past 5 years.
Debt Coverage: DT7's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: DT7's interest payments on its debt are well covered by EBIT (3x coverage).