Finework (Hu Nan) New Energy Technology Balance Sheet Health
Financial Health criteria checks 3/6
Finework (Hu Nan) New Energy Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥709.2M, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥3.0B and CN¥1.5B respectively. Finework (Hu Nan) New Energy Technology's EBIT is CN¥54.4M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥802.8M.
Key information
46.5%
Debt to equity ratio
CN¥709.21m
Debt
Interest coverage ratio | 2.4x |
Cash | CN¥802.83m |
Equity | CN¥1.52b |
Total liabilities | CN¥1.51b |
Total assets | CN¥3.04b |
Recent financial health updates
No updates
Recent updates
There May Be Some Bright Spots In Finework (Hu Nan) New Energy Technology's (SZSE:301232) Earnings
May 02Finework (Hu Nan) New Energy Technology Co., Ltd's (SZSE:301232) 26% Dip In Price Shows Sentiment Is Matching Revenues
Apr 29Finework (Hu Nan) New Energy Technology Co., Ltd (SZSE:301232) Shares Fly 32% But Investors Aren't Buying For Growth
Mar 07Financial Position Analysis
Short Term Liabilities: 301232's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 301232's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥312.6M).
Debt to Equity History and Analysis
Debt Level: 301232 has more cash than its total debt.
Reducing Debt: 301232's debt to equity ratio has increased from 34.6% to 46.5% over the past 5 years.
Debt Coverage: 301232's debt is not well covered by operating cash flow (2.1%).
Interest Coverage: 301232's interest payments on its debt are not well covered by EBIT (2.4x coverage).