Ningbo Ronbay New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Ronbay New Energy TechnologyLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are CN¥25.7B and CN¥15.8B respectively. Ningbo Ronbay New Energy TechnologyLtd's EBIT is CN¥176.9M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥4.2B.
Key information
70.9%
Debt to equity ratio
CN¥6.98b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥4.21b |
| Equity | CN¥9.85b |
| Total liabilities | CN¥15.81b |
| Total assets | CN¥25.66b |
Recent financial health updates
Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Has A Somewhat Strained Balance Sheet
Dec 16
Is Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) A Risky Investment?
Aug 02Does Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Have A Healthy Balance Sheet?
Mar 20Recent updates
Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Has A Somewhat Strained Balance Sheet
Dec 16Even With A 25% Surge, Cautious Investors Are Not Rewarding Ningbo Ronbay New Energy Technology Co.,Ltd.'s (SHSE:688005) Performance Completely
Nov 28Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Could Be Struggling To Allocate Capital
Nov 25Ningbo Ronbay New Energy TechnologyLtd's (SHSE:688005) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 06Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) Held Back By Insufficient Growth Even After Shares Climb 34%
Oct 14Improved Revenues Required Before Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) Shares Find Their Feet
Aug 26Analysts Just Slashed Their Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) EPS Numbers
Aug 07Revenue Miss: Ningbo Ronbay New Energy Technology Co.,Ltd. Fell 10% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
Aug 06Is Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) A Risky Investment?
Aug 02Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Will Be Hoping To Turn Its Returns On Capital Around
Jul 15Earnings Troubles May Signal Larger Issues for Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Shareholders
Apr 21Market Might Still Lack Some Conviction On Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) Even After 28% Share Price Boost
Apr 09Does Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Have A Healthy Balance Sheet?
Mar 20Financial Position Analysis
Short Term Liabilities: 688005's short term assets (CN¥15.4B) exceed its short term liabilities (CN¥10.2B).
Long Term Liabilities: 688005's short term assets (CN¥15.4B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 688005's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 688005's debt to equity ratio has increased from 4.9% to 70.9% over the past 5 years.
Debt Coverage: 688005's debt is not well covered by operating cash flow (6%).
Interest Coverage: 688005's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 16:44 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningbo Ronbay New Energy Technology Co.,Ltd. is covered by 24 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jun Ma | Changjiang Securities Co. LTD. |
| Shuo Liu | China International Capital Corporation Limited |
| Tao Zeng | China International Capital Corporation Limited |