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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 19:01 |
| End of Day Share Price | 2024/12/31 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
China Energy Development Holdings Limited is covered by 1 analysts. 0 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 |
|---|---|
| Vivek Igave | Virtua Research Inc. |