China Datang Corporation Renewable Power Balance Sheet Health
Financial Health criteria checks 2/6
China Datang Renewable Power has a total shareholder equity of CN¥37.2B and total debt of CN¥58.7B, which brings its debt-to-equity ratio to 157.5%. Its total assets and total liabilities are CN¥105.5B and CN¥68.3B respectively. China Datang Renewable Power's EBIT is CN¥4.9B making its interest coverage ratio 3. It has cash and short-term investments of CN¥2.5B.
Key information
157.5%
Debt to equity ratio
CN¥58.67b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥2.46b |
| Equity | CN¥37.24b |
| Total liabilities | CN¥68.26b |
| Total assets | CN¥105.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1798's short term assets (CN¥24.8B) do not cover its short term liabilities (CN¥26.1B).
Long Term Liabilities: 1798's short term assets (CN¥24.8B) do not cover its long term liabilities (CN¥42.1B).
Debt to Equity History and Analysis
Debt Level: 1798's net debt to equity ratio (150.9%) is considered high.
Reducing Debt: 1798's debt to equity ratio has reduced from 329.7% to 157.5% over the past 5 years.
Debt Coverage: 1798's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 1798's interest payments on its debt are well covered by EBIT (3x coverage).