Clenergy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Clenergy Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥581.2M, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively. Clenergy Technology's EBIT is CN¥157.4M making its interest coverage ratio 11.3. It has cash and short-term investments of CN¥168.2M.
Key information
46.1%
Debt to equity ratio
CN¥581.15m
Debt
| Interest coverage ratio | 11.3x |
| Cash | CN¥168.20m |
| Equity | CN¥1.26b |
| Total liabilities | CN¥1.15b |
| Total assets | CN¥2.41b |
Recent financial health updates
Recent updates
Here's Why Clenergy Technology (SHSE:603628) Has A Meaningful Debt Burden
Jul 17
Some Clenergy Technology Co., Ltd. (SHSE:603628) Shareholders Look For Exit As Shares Take 31% Pounding
Jun 25Clenergy Technology's (SHSE:603628) Anemic Earnings Might Be Worse Than You Think
May 06Does Clenergy Technology (SHSE:603628) Deserve A Spot On Your Watchlist?
Mar 24Improved Earnings Required Before Clenergy Technology Co., Ltd. (SHSE:603628) Stock's 29% Jump Looks Justified
Mar 08Financial Position Analysis
Short Term Liabilities: 603628's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥611.5M).
Long Term Liabilities: 603628's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥539.2M).
Debt to Equity History and Analysis
Debt Level: 603628's net debt to equity ratio (32.8%) is considered satisfactory.
Reducing Debt: 603628's debt to equity ratio has reduced from 59.7% to 46.1% over the past 5 years.
Debt Coverage: 603628's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: 603628's interest payments on its debt are well covered by EBIT (11.3x coverage).