Clenergy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Clenergy Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥745.9M, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are CN¥2.7B and CN¥1.5B respectively. Clenergy Technology's EBIT is CN¥162.3M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥288.8M.
Key information
58.5%
Debt to equity ratio
CN¥745.88m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥288.83m |
| Equity | CN¥1.27b |
| Total liabilities | CN¥1.46b |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603628's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥879.6M).
Long Term Liabilities: 603628's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥584.1M).
Debt to Equity History and Analysis
Debt Level: 603628's net debt to equity ratio (35.9%) is considered satisfactory.
Reducing Debt: 603628's debt to equity ratio has reduced from 79.4% to 58.5% over the past 5 years.
Debt Coverage: 603628's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 603628's interest payments on its debt are well covered by EBIT (8.8x coverage).