Beiken Energy Group Balance Sheet Health
Financial Health criteria checks 1/6
Beiken Energy Group has a total shareholder equity of CN¥592.6M and total debt of CN¥487.0M, which brings its debt-to-equity ratio to 82.2%. Its total assets and total liabilities are CN¥1.7B and CN¥1.1B respectively. Beiken Energy Group's EBIT is CN¥47.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥113.6M.
Key information
82.2%
Debt to equity ratio
CN¥487.00m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥113.58m |
| Equity | CN¥592.61m |
| Total liabilities | CN¥1.11b |
| Total assets | CN¥1.70b |
Financial Position Analysis
Short Term Liabilities: 002828's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002828's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥9.0M).
Debt to Equity History and Analysis
Debt Level: 002828's net debt to equity ratio (63%) is considered high.
Reducing Debt: 002828's debt to equity ratio has increased from 25.8% to 82.2% over the past 5 years.
Debt Coverage: 002828's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002828's interest payments on its debt are not well covered by EBIT (2.1x coverage).