Sineng ElectricLtd Balance Sheet Health
Financial Health criteria checks 4/6
Sineng ElectricLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are CN¥6.6B and CN¥4.7B respectively. Sineng ElectricLtd's EBIT is CN¥351.7M making its interest coverage ratio 22.7. It has cash and short-term investments of CN¥1.4B.
Key information
72.5%
Debt to equity ratio
CN¥1.37b
Debt
| Interest coverage ratio | 22.7x |
| Cash | CN¥1.35b |
| Equity | CN¥1.90b |
| Total liabilities | CN¥4.74b |
| Total assets | CN¥6.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300827's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 300827's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥183.1M).
Debt to Equity History and Analysis
Debt Level: 300827's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 300827's debt to equity ratio has increased from 24.3% to 72.5% over the past 5 years.
Debt Coverage: 300827's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300827's interest payments on its debt are well covered by EBIT (22.7x coverage).