Ningbo Ronbay New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Ningbo Ronbay New Energy TechnologyLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 70.9%. Its total assets and total liabilities are CN¥25.7B and CN¥15.8B respectively. Ningbo Ronbay New Energy TechnologyLtd's EBIT is CN¥176.9M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥4.2B.
Key information
70.9%
Debt to equity ratio
CN¥6.98b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥4.21b |
| Equity | CN¥9.85b |
| Total liabilities | CN¥15.81b |
| Total assets | CN¥25.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688005's short term assets (CN¥15.4B) exceed its short term liabilities (CN¥10.2B).
Long Term Liabilities: 688005's short term assets (CN¥15.4B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 688005's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 688005's debt to equity ratio has increased from 4.9% to 70.9% over the past 5 years.
Debt Coverage: 688005's debt is not well covered by operating cash flow (6%).
Interest Coverage: 688005's interest payments on its debt are not well covered by EBIT (2.2x coverage).