Henan Yicheng New Energy Balance Sheet Health
Financial Health criteria checks 4/6
Henan Yicheng New Energy has a total shareholder equity of CN¥7.6B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 40.3%. Its total assets and total liabilities are CN¥17.9B and CN¥10.3B respectively. Henan Yicheng New Energy's EBIT is CN¥9.9M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥2.5B.
Key information
40.3%
Debt to equity ratio
CN¥3.06b
Debt
| Interest coverage ratio | 0.05x |
| Cash | CN¥2.51b |
| Equity | CN¥7.60b |
| Total liabilities | CN¥10.27b |
| Total assets | CN¥17.87b |
Recent financial health updates
Recent updates
We Believe That Henan Yicheng New Energy's (SZSE:300080) Weak Earnings Are A Good Indicator Of Underlying Profitability
Apr 19
Henan Yicheng New Energy Co., Ltd.'s (SZSE:300080) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Mar 06Is Henan Yicheng New Energy (SZSE:300080) A Risky Investment?
Feb 26Financial Position Analysis
Short Term Liabilities: 300080's short term assets (CN¥9.7B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 300080's short term assets (CN¥9.7B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 300080's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 300080's debt to equity ratio has reduced from 48.5% to 40.3% over the past 5 years.
Debt Coverage: 300080's debt is not well covered by operating cash flow (12.5%).
Interest Coverage: 300080's interest payments on its debt are not well covered by EBIT (0.1x coverage).