Harbin Electric Balance Sheet Health
Financial Health criteria checks 4/6
Harbin Electric has a total shareholder equity of CN¥15.0B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥73.3B and CN¥58.3B respectively. Harbin Electric's EBIT is CN¥817.1M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥18.7B.
Key information
37.4%
Debt to equity ratio
CN¥5.60b
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥18.68b |
| Equity | CN¥14.97b |
| Total liabilities | CN¥58.34b |
| Total assets | CN¥73.31b |
Recent financial health updates
These 4 Measures Indicate That Harbin Electric (HKG:1133) Is Using Debt Extensively
Jun 11
Harbin Electric (HKG:1133) Has Debt But No Earnings; Should You Worry?
Sep 07Is Harbin Electric (HKG:1133) Using Debt In A Risky Way?
Oct 28Does Harbin Electric (HKG:1133) Have A Healthy Balance Sheet?
Jun 01Is Harbin Electric (HKG:1133) Using Debt Sensibly?
Dec 22Is Harbin Electric (HKG:1133) A Risky Investment?
Aug 29Recent updates
Is It Too Late To Consider Buying Harbin Electric Company Limited (HKG:1133)?
Oct 18We Ran A Stock Scan For Earnings Growth And Harbin Electric (HKG:1133) Passed With Ease
Sep 26Harbin Electric Company Limited's (HKG:1133) Share Price Not Quite Adding Up
Aug 29These 4 Measures Indicate That Harbin Electric (HKG:1133) Is Using Debt Extensively
Jun 11Harbin Electric (HKG:1133) Will Pay A Larger Dividend Than Last Year At CN¥0.0573
May 25A Piece Of The Puzzle Missing From Harbin Electric Company Limited's (HKG:1133) 25% Share Price Climb
May 10Harbin Electric's (HKG:1133) Upcoming Dividend Will Be Larger Than Last Year's
May 03Harbin Electric (HKG:1133) Is Increasing Its Dividend To CN¥0.0573
Apr 19Harbin Electric's (HKG:1133) Dividend Will Be Increased To CN¥0.0573
Apr 05Harbin Electric's (HKG:1133) Performance Is Even Better Than Its Earnings Suggest
Apr 04Revenues Tell The Story For Harbin Electric Company Limited (HKG:1133) As Its Stock Soars 28%
Mar 09Harbin Electric (HKG:1133) Has Debt But No Earnings; Should You Worry?
Sep 07Is Harbin Electric (HKG:1133) Using Debt In A Risky Way?
Oct 28Does Harbin Electric (HKG:1133) Have A Healthy Balance Sheet?
Jun 01Is Harbin Electric (HKG:1133) Using Debt Sensibly?
Dec 22Is Harbin Electric (HKG:1133) A Risky Investment?
Aug 29Health Check: How Prudently Does Harbin Electric (HKG:1133) Use Debt?
Mar 26Here's Why We Don't Think Harbin Electric's (HKG:1133) Statutory Earnings Reflect Its Underlying Earnings Potential
Jan 31
Reflecting on Harbin Electric's (HKG:1133) Share Price Returns Over The Last Five Years
Dec 27Financial Position Analysis
Short Term Liabilities: 1133's short term assets (CN¥62.4B) exceed its short term liabilities (CN¥55.4B).
Long Term Liabilities: 1133's short term assets (CN¥62.4B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 1133 has more cash than its total debt.
Reducing Debt: 1133's debt to equity ratio has increased from 24.6% to 37.4% over the past 5 years.
Debt Coverage: 1133's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1133 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 10:15 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Harbin Electric Company Limited is covered by 27 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Victoria Li | Barclays |
| Min Zou | China Galaxy International Securities (Hong Kong) |
| Rajesh Panjwani | CLSA |