Hunan Yuneng New Energy Battery MaterialLtd Balance Sheet Health
Financial Health criteria checks 2/6
Hunan Yuneng New Energy Battery MaterialLtd has a total shareholder equity of CN¥11.5B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are CN¥27.5B and CN¥16.0B respectively. Hunan Yuneng New Energy Battery MaterialLtd's EBIT is CN¥475.9M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥1.1B.
Key information
54.0%
Debt to equity ratio
CN¥6.22b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥1.08b |
| Equity | CN¥11.52b |
| Total liabilities | CN¥16.00b |
| Total assets | CN¥27.53b |
Recent financial health updates
Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Takes On Some Risk With Its Use Of Debt
Aug 20
Here's Why Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Has A Meaningful Debt Burden
Apr 22Recent updates
Hunan Yuneng New Energy Battery Material Co.,Ltd. (SZSE:301358) Soars 35% But It's A Story Of Risk Vs Reward
Nov 06Hunan Yuneng New Energy Battery MaterialLtd's (SZSE:301358) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 04Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Takes On Some Risk With Its Use Of Debt
Aug 20Investors Will Want Hunan Yuneng New Energy Battery MaterialLtd's (SZSE:301358) Growth In ROCE To Persist
Jul 25Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Is Increasing Its Dividend To CN¥0.418
May 31Weak Statutory Earnings May Not Tell The Whole Story For Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358)
May 02Here's Why Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Has A Meaningful Debt Burden
Apr 22Hunan Yuneng New Energy Battery MaterialLtd (SZSE:301358) Is Investing Its Capital With Increasing Efficiency
Mar 26Financial Position Analysis
Short Term Liabilities: 301358's short term assets (CN¥14.0B) exceed its short term liabilities (CN¥12.5B).
Long Term Liabilities: 301358's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: 301358's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: 301358's debt to equity ratio has increased from 15.1% to 54% over the past 5 years.
Debt Coverage: 301358's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301358's interest payments on its debt are not well covered by EBIT (2.5x coverage).