Hunan Corun New Energy Balance Sheet Health
Financial Health criteria checks 1/6
Hunan Corun New Energy has a total shareholder equity of CN¥3.3B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 94.6%. Its total assets and total liabilities are CN¥8.9B and CN¥5.6B respectively. Hunan Corun New Energy's EBIT is CN¥91.8M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥1.3B.
Key information
94.6%
Debt to equity ratio
CN¥3.12b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥1.26b |
| Equity | CN¥3.30b |
| Total liabilities | CN¥5.58b |
| Total assets | CN¥8.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600478's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.6B).
Long Term Liabilities: 600478's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 600478's net debt to equity ratio (56.3%) is considered high.
Reducing Debt: 600478's debt to equity ratio has increased from 32.4% to 94.6% over the past 5 years.
Debt Coverage: 600478's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600478's interest payments on its debt are not well covered by EBIT (1.3x coverage).