China Energy Development Holdings Balance Sheet Health
Financial Health criteria checks 3/6
China Energy Development Holdings has a total shareholder equity of HK$1.8B and total debt of HK$336.7M, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are HK$2.3B and HK$504.0M respectively. China Energy Development Holdings's EBIT is HK$142.7M making its interest coverage ratio 3.4. It has cash and short-term investments of HK$61.7M.
Key information
18.6%
Debt to equity ratio
HK$336.74m
Debt
| Interest coverage ratio | 3.4x |
| Cash | HK$61.73m |
| Equity | HK$1.81b |
| Total liabilities | HK$503.96m |
| Total assets | HK$2.32b |
Recent financial health updates
Here's Why China Energy Development Holdings (HKG:228) Has A Meaningful Debt Burden
Sep 05
Is China Energy Development Holdings (HKG:228) Using Too Much Debt?
May 02These 4 Measures Indicate That China Energy Development Holdings (HKG:228) Is Using Debt Extensively
May 19Does China Energy Development Holdings (HKG:228) Have A Healthy Balance Sheet?
Oct 13China Energy Development Holdings (HKG:228) Has A Somewhat Strained Balance Sheet
Apr 27Is China Energy Development Holdings (HKG:228) Using Debt In A Risky Way?
Dec 28Recent updates
China Energy Development Holdings (HKG:228) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Oct 03Here's Why China Energy Development Holdings (HKG:228) Has A Meaningful Debt Burden
Sep 05China Energy Development Holdings Limited (HKG:228) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 27China Energy Development Holdings (HKG:228) Will Be Hoping To Turn Its Returns On Capital Around
Jun 24Subdued Growth No Barrier To China Energy Development Holdings Limited (HKG:228) With Shares Advancing 25%
May 13Is China Energy Development Holdings (HKG:228) Using Too Much Debt?
May 02There's Reason For Concern Over China Energy Development Holdings Limited's (HKG:228) Massive 25% Price Jump
Mar 11Getting In Cheap On China Energy Development Holdings Limited (HKG:228) Is Unlikely
Jan 16Return Trends At China Energy Development Holdings (HKG:228) Aren't Appealing
Dec 12These 4 Measures Indicate That China Energy Development Holdings (HKG:228) Is Using Debt Extensively
May 19There's Been No Shortage Of Growth Recently For China Energy Development Holdings' (HKG:228) Returns On Capital
Mar 06Subdued Growth No Barrier To China Energy Development Holdings Limited's (HKG:228) Price
Nov 17Does China Energy Development Holdings (HKG:228) Have A Healthy Balance Sheet?
Oct 13China Energy Development Holdings (HKG:228) Is Experiencing Growth In Returns On Capital
Jul 21China Energy Development Holdings (HKG:228) Might Have The Makings Of A Multi-Bagger
Oct 22China Energy Development Holdings' (HKG:228) Promising Earnings May Rest On Soft Foundations
Sep 27The Return Trends At China Energy Development Holdings (HKG:228) Look Promising
Jun 19China Energy Development Holdings (HKG:228) Has A Somewhat Strained Balance Sheet
Apr 27What Is The Ownership Structure Like For China Energy Development Holdings Limited (HKG:228)?
Feb 19Is China Energy Development Holdings (HKG:228) Using Debt In A Risky Way?
Dec 28Does China Energy Development Holdings' (HKG:228) Share Price Gain of 33% Match Its Business Performance?
Dec 02
Financial Position Analysis
Short Term Liabilities: 228's short term assets (HK$170.8M) do not cover its short term liabilities (HK$245.2M).
Long Term Liabilities: 228's short term assets (HK$170.8M) do not cover its long term liabilities (HK$258.7M).
Debt to Equity History and Analysis
Debt Level: 228's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: 228's debt to equity ratio has increased from 11.6% to 18.6% over the past 5 years.
Debt Coverage: 228's debt is well covered by operating cash flow (49.5%).
Interest Coverage: 228's interest payments on its debt are well covered by EBIT (3.4x coverage).