Ningxia Baofeng Energy Group Balance Sheet Health
Financial Health criteria checks 2/6
Ningxia Baofeng Energy Group has a total shareholder equity of CN¥41.4B and total debt of CN¥30.1B, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are CN¥87.4B and CN¥46.0B respectively. Ningxia Baofeng Energy Group's EBIT is CN¥8.5B making its interest coverage ratio 12.9. It has cash and short-term investments of CN¥4.1B.
Key information
72.9%
Debt to equity ratio
CN¥30.14b
Debt
| Interest coverage ratio | 12.9x |
| Cash | CN¥4.10b |
| Equity | CN¥41.37b |
| Total liabilities | CN¥46.00b |
| Total assets | CN¥87.37b |
Recent financial health updates
Recent updates
Is There An Opportunity With Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) 47% Undervaluation?
Sep 02
A Piece Of The Puzzle Missing From Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) Share Price
Jul 19Is There An Opportunity With Ningxia Baofeng Energy Group Co., Ltd.'s (SHSE:600989) 36% Undervaluation?
May 28Investors Could Be Concerned With Ningxia Baofeng Energy Group's (SHSE:600989) Returns On Capital
May 13Earnings Miss: Ningxia Baofeng Energy Group Co., Ltd. Missed EPS By 7.6% And Analysts Are Revising Their Forecasts
Mar 24Is Ningxia Baofeng Energy Group (SHSE:600989) Using Too Much Debt?
Mar 20Financial Position Analysis
Short Term Liabilities: 600989's short term assets (CN¥7.2B) do not cover its short term liabilities (CN¥20.3B).
Long Term Liabilities: 600989's short term assets (CN¥7.2B) do not cover its long term liabilities (CN¥25.7B).
Debt to Equity History and Analysis
Debt Level: 600989's net debt to equity ratio (63%) is considered high.
Reducing Debt: 600989's debt to equity ratio has increased from 25.3% to 72.9% over the past 5 years.
Debt Coverage: 600989's debt is well covered by operating cash flow (29.2%).
Interest Coverage: 600989's interest payments on its debt are well covered by EBIT (12.9x coverage).