Bestway Marine & Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Bestway Marine & Energy TechnologyLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥486.5M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥4.4B and CN¥2.4B respectively. Bestway Marine & Energy TechnologyLtd's EBIT is CN¥173.2M making its interest coverage ratio 46.9. It has cash and short-term investments of CN¥562.5M.
Key information
24.6%
Debt to equity ratio
CN¥486.51m
Debt
Interest coverage ratio | 46.9x |
Cash | CN¥562.55m |
Equity | CN¥1.98b |
Total liabilities | CN¥2.39b |
Total assets | CN¥4.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300008's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300008's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥207.4M).
Debt to Equity History and Analysis
Debt Level: 300008 has more cash than its total debt.
Reducing Debt: 300008's debt to equity ratio has reduced from 41.9% to 24.6% over the past 5 years.
Debt Coverage: 300008's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300008's interest payments on its debt are well covered by EBIT (46.9x coverage).