Ningbo Ronbay New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ningbo Ronbay New Energy TechnologyLtd has a total shareholder equity of CN¥10.1B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 66.7%. Its total assets and total liabilities are CN¥24.4B and CN¥14.3B respectively. Ningbo Ronbay New Energy TechnologyLtd's EBIT is CN¥348.3M making its interest coverage ratio 7.2. It has cash and short-term investments of CN¥4.9B.
Key information
66.7%
Debt to equity ratio
CN¥6.73b
Debt
Interest coverage ratio | 7.2x |
Cash | CN¥4.87b |
Equity | CN¥10.09b |
Total liabilities | CN¥14.34b |
Total assets | CN¥24.43b |
Recent financial health updates
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
Is 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¥14.8B) exceed its short term liabilities (CN¥8.3B).
Long Term Liabilities: 688005's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 688005's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 688005's debt to equity ratio has increased from 2.8% to 66.7% over the past 5 years.
Debt Coverage: 688005's debt is not well covered by operating cash flow (16.3%).
Interest Coverage: 688005's interest payments on its debt are well covered by EBIT (7.2x coverage).