Longyan Zhuoyue New Energy Balance Sheet Health
Financial Health criteria checks 3/6
Longyan Zhuoyue New Energy has a total shareholder equity of CN¥2.8B and total debt of CN¥425.6M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥3.3B and CN¥551.0M respectively.
Key information
15.5%
Debt to equity ratio
CN¥425.55m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥611.02m |
| Equity | CN¥2.75b |
| Total liabilities | CN¥550.96m |
| Total assets | CN¥3.30b |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On Longyan Zhuoyue New Energy Co., Ltd. (SHSE:688196) Even After 32% Share Price Boost
Oct 18
Is Longyan Zhuoyue New Energy (SHSE:688196) Using Debt Sensibly?
Oct 08Longyan Zhuoyue New Energy Co., Ltd.'s (SHSE:688196) Shares Not Telling The Full Story
Aug 30Investors Can Find Comfort In Longyan Zhuoyue New Energy's (SHSE:688196) Earnings Quality
Apr 29Calculating The Intrinsic Value Of Longyan Zhuoyue New Energy Co., Ltd. (SHSE:688196)
Apr 18Some Investors May Be Worried About Longyan Zhuoyue New Energy's (SHSE:688196) Returns On Capital
Mar 28Financial Position Analysis
Short Term Liabilities: 688196's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥253.3M).
Long Term Liabilities: 688196's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥297.7M).
Debt to Equity History and Analysis
Debt Level: 688196 has more cash than its total debt.
Reducing Debt: 688196's debt to equity ratio has increased from 5.8% to 15.5% over the past 5 years.
Debt Coverage: 688196's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688196's interest payments on its debt are well covered by EBIT.