Far East Smarter Energy Balance Sheet Health
Financial Health criteria checks 2/6
Far East Smarter Energy has a total shareholder equity of CN¥4.5B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 160.4%. Its total assets and total liabilities are CN¥21.0B and CN¥16.5B respectively. Far East Smarter Energy's EBIT is CN¥149.0M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥2.8B.
Key information
160.4%
Debt to equity ratio
CN¥7.18b
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥2.80b |
| Equity | CN¥4.48b |
| Total liabilities | CN¥16.53b |
| Total assets | CN¥21.01b |
Recent financial health updates
These 4 Measures Indicate That Far East Smarter Energy (SHSE:600869) Is Using Debt In A Risky Way
Oct 02
Far East Smarter Energy (SHSE:600869) Use Of Debt Could Be Considered Risky
May 21Recent updates
Far East Smarter Energy Co., Ltd. (SHSE:600869) Soars 32% But It's A Story Of Risk Vs Reward
Nov 11These 4 Measures Indicate That Far East Smarter Energy (SHSE:600869) Is Using Debt In A Risky Way
Oct 02After Leaping 32% Far East Smarter Energy Co., Ltd. (SHSE:600869) Shares Are Not Flying Under The Radar
Aug 15Far East Smarter Energy (SHSE:600869) Hasn't Managed To Accelerate Its Returns
Jul 30Far East Smarter Energy Co., Ltd.'s (SHSE:600869) Earnings Haven't Escaped The Attention Of Investors
Jun 09Far East Smarter Energy (SHSE:600869) Use Of Debt Could Be Considered Risky
May 21Far East Smarter Energy's (SHSE:600869) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 29Far East Smarter Energy Co., Ltd.'s (SHSE:600869) Shares Leap 30% Yet They're Still Not Telling The Full Story
Mar 06Financial Position Analysis
Short Term Liabilities: 600869's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥14.2B).
Long Term Liabilities: 600869's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 600869's net debt to equity ratio (97.9%) is considered high.
Reducing Debt: 600869's debt to equity ratio has increased from 122.8% to 160.4% over the past 5 years.
Debt Coverage: 600869's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600869's interest payments on its debt are not well covered by EBIT (0.5x coverage).