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¥36.0B and total debt of CN¥55.5B, which brings its debt-to-equity ratio to 154.3%. Its total assets and total liabilities are CN¥101.5B and CN¥65.6B respectively. China Datang Renewable Power's EBIT is CN¥5.4B making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥3.1B.
Key information
154.3%
Debt to equity ratio
CN¥55.47b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥3.07b |
Equity | CN¥35.96b |
Total liabilities | CN¥65.59b |
Total assets | CN¥101.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DT7's short term assets (CN¥22.5B) exceed its short term liabilities (CN¥19.0B).
Long Term Liabilities: DT7's short term assets (CN¥22.5B) do not cover its long term liabilities (CN¥46.5B).
Debt to Equity History and Analysis
Debt Level: DT7's net debt to equity ratio (145.7%) is considered high.
Reducing Debt: DT7's debt to equity ratio has reduced from 330% to 154.3% over the past 5 years.
Debt Coverage: DT7's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: DT7's interest payments on its debt are well covered by EBIT (3.2x coverage).