Harbin Electric Balance Sheet Health
Financial Health criteria checks 5/6
Harbin Electric has a total shareholder equity of CN¥14.6B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are CN¥71.3B and CN¥56.7B respectively. Harbin Electric's EBIT is CN¥251.6M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥21.6B.
Key information
41.9%
Debt to equity ratio
CN¥6.11b
Debt
| Interest coverage ratio | -0.4x |
| Cash | CN¥21.62b |
| Equity | CN¥14.59b |
| Total liabilities | CN¥56.71b |
| Total assets | CN¥71.30b |
Recent financial health updates
Harbin Electric (HKG:1133) Has Debt But No Earnings; Should You Worry?
Sep 07
Is 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 26Recent updates
Harbin 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¥60.6B) exceed its short term liabilities (CN¥52.9B).
Long Term Liabilities: 1133's short term assets (CN¥60.6B) exceed its long term liabilities (CN¥3.8B).
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 14.5% to 41.9% over the past 5 years.
Debt Coverage: 1133's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 1133 earns more interest than it pays, so coverage of interest payments is not a concern.