Far East Smarter Energy Balance Sheet Health
Financial Health criteria checks 3/6
Far East Smarter Energy has a total shareholder equity of CN¥4.8B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 146.5%. Its total assets and total liabilities are CN¥20.9B and CN¥16.2B respectively. Far East Smarter Energy's EBIT is CN¥549.8M making its interest coverage ratio 2. It has cash and short-term investments of CN¥3.4B.
Key information
146.5%
Debt to equity ratio
CN¥7.00b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥3.39b |
| Equity | CN¥4.78b |
| Total liabilities | CN¥16.16b |
| Total assets | CN¥20.93b |
Financial Position Analysis
Short Term Liabilities: 600869's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥14.5B).
Long Term Liabilities: 600869's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 600869's net debt to equity ratio (75.4%) is considered high.
Reducing Debt: 600869's debt to equity ratio has reduced from 157.3% to 146.5% over the past 5 years.
Debt Coverage: 600869's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: 600869's interest payments on its debt are not well covered by EBIT (2x coverage).