Hainan Drinda New Energy Technology Co., Ltd.

SZSE:002865 Stock Report

Mkt Cap: CN¥26.9b

Hainan Drinda New Energy Technology Financial Health

How is Hainan Drinda New Energy Technology's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 002865's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥5.1B).

Long Term Liabilities: 002865's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥2.3B).


Debt to Equity History and Analysis

Debt Level: 002865's net debt to equity ratio (278.7%) is considered high.

Reducing Debt: 002865's debt to equity ratio has increased from 16.6% to 421.4% over the past 5 years.

Debt Coverage: 002865's debt is not well covered by operating cash flow (7.2%).

Interest Coverage: 002865 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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