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
Is Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) A Risky Investment?
Aug 02
Does Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Have A Healthy Balance Sheet?
Mar 20Recent updates
Ningbo 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).