Triumph New Energy Balance Sheet Health
Financial Health criteria checks 3/6
Triumph New Energy has a total shareholder equity of CN¥5.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 93.3%. Its total assets and total liabilities are CN¥12.4B and CN¥7.3B respectively. Triumph New Energy's EBIT is CN¥331.9M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥282.2M.
Key information
93.3%
Debt to equity ratio
CN¥4.72b
Debt
Interest coverage ratio | 3.5x |
Cash | CN¥282.20m |
Equity | CN¥5.05b |
Total liabilities | CN¥7.31b |
Total assets | CN¥12.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600876's short term assets (CN¥4.2B) do not cover its short term liabilities (CN¥4.2B).
Long Term Liabilities: 600876's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600876's net debt to equity ratio (87.7%) is considered high.
Reducing Debt: 600876's debt to equity ratio has reduced from 127.4% to 93.3% over the past 5 years.
Debt Coverage: 600876's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 600876's interest payments on its debt are well covered by EBIT (3.5x coverage).