Triumph New Energy Balance Sheet Health
Financial Health criteria checks 2/6
Triumph New Energy has a total shareholder equity of CN¥4.8B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 103%. Its total assets and total liabilities are CN¥12.7B and CN¥7.9B respectively.
Key information
103.0%
Debt to equity ratio
CN¥4.94b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥323.40m |
| Equity | CN¥4.80b |
| Total liabilities | CN¥7.88b |
| Total assets | CN¥12.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600876's short term assets (CN¥4.3B) do not cover its short term liabilities (CN¥4.9B).
Long Term Liabilities: 600876's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 600876's net debt to equity ratio (96.3%) is considered high.
Reducing Debt: 600876's debt to equity ratio has reduced from 141.5% to 103% over the past 5 years.
Debt Coverage: 600876's debt is not well covered by operating cash flow (3.4%).
Interest Coverage: Insufficient data to determine if 600876's interest payments on its debt are well covered by EBIT.