Delixi New Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Delixi New Energy Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥156.2M, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are CN¥1.6B and CN¥407.7M respectively. Delixi New Energy Technology's EBIT is CN¥31.7M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥331.4M.
Key information
12.8%
Debt to equity ratio
CN¥156.24m
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥331.37m |
| Equity | CN¥1.23b |
| Total liabilities | CN¥407.73m |
| Total assets | CN¥1.63b |
Recent financial health updates
Recent updates
Delixi New Energy Technology Co., Ltd.'s (SHSE:603032) 26% Share Price Plunge Could Signal Some Risk
Apr 21
Some Investors May Be Willing To Look Past Delixi New Energy Technology's (SHSE:603032) Soft Earnings
Apr 16Returns On Capital Are Showing Encouraging Signs At Delixi New Energy Technology (SHSE:603032)
Apr 05Is Delixi New Energy Technology (SHSE:603032) A Risky Investment?
Mar 18Delixi New Energy Technology Co., Ltd.'s (SHSE:603032) Shares Bounce 29% But Its Business Still Trails The Market
Mar 01Financial Position Analysis
Short Term Liabilities: 603032's short term assets (CN¥591.1M) exceed its short term liabilities (CN¥128.9M).
Long Term Liabilities: 603032's short term assets (CN¥591.1M) exceed its long term liabilities (CN¥278.8M).
Debt to Equity History and Analysis
Debt Level: 603032 has more cash than its total debt.
Reducing Debt: 603032's debt to equity ratio has increased from 0% to 12.8% over the past 5 years.
Debt Coverage: 603032's debt is well covered by operating cash flow (257.5%).
Interest Coverage: 603032's interest payments on its debt are well covered by EBIT (5.4x coverage).