Longyan Zhuoyue New Energy Balance Sheet Health
Financial Health criteria checks 5/6
Longyan Zhuoyue New Energy has a total shareholder equity of CN¥2.7B and total debt of CN¥350.9M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥3.2B and CN¥499.3M respectively. Longyan Zhuoyue New Energy's EBIT is CN¥12.6M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥337.2M.
Key information
13.0%
Debt to equity ratio
CN¥350.94m
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥337.18m |
| Equity | CN¥2.70b |
| Total liabilities | CN¥499.33m |
| Total assets | CN¥3.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688196's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥149.8M).
Long Term Liabilities: 688196's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥349.5M).
Debt to Equity History and Analysis
Debt Level: 688196's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: 688196's debt to equity ratio has reduced from 14.5% to 13% over the past 5 years.
Debt Coverage: 688196's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688196 earns more interest than it pays, so coverage of interest payments is not a concern.