Ningxia Baofeng Energy Group Balance Sheet Health
Financial Health criteria checks 2/6
Ningxia Baofeng Energy Group has a total shareholder equity of CN¥40.0B and total debt of CN¥27.3B, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are CN¥81.9B and CN¥41.8B respectively. Ningxia Baofeng Energy Group's EBIT is CN¥8.6B making its interest coverage ratio 18.5. It has cash and short-term investments of CN¥5.6B.
Key information
68.3%
Debt to equity ratio
CN¥27.34b
Debt
| Interest coverage ratio | 18.5x |
| Cash | CN¥5.60b |
| Equity | CN¥40.05b |
| Total liabilities | CN¥41.81b |
| Total assets | CN¥81.85b |
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¥8.1B) do not cover its short term liabilities (CN¥18.2B).
Long Term Liabilities: 600989's short term assets (CN¥8.1B) do not cover its long term liabilities (CN¥23.6B).
Debt to Equity History and Analysis
Debt Level: 600989's net debt to equity ratio (54.3%) is considered high.
Reducing Debt: 600989's debt to equity ratio has increased from 26.5% to 68.3% over the past 5 years.
Debt Coverage: 600989's debt is well covered by operating cash flow (32%).
Interest Coverage: 600989's interest payments on its debt are well covered by EBIT (18.5x coverage).