Ningxia Baofeng Energy Group Balance Sheet Health
Financial Health criteria checks 3/6
Ningxia Baofeng Energy Group has a total shareholder equity of CN¥40.0B and total debt of CN¥21.2B, which brings its debt-to-equity ratio to 53%. Its total assets and total liabilities are CN¥73.9B and CN¥33.9B respectively. Ningxia Baofeng Energy Group's EBIT is CN¥7.4B making its interest coverage ratio 21.2. It has cash and short-term investments of CN¥1.8B.
Key information
53.0%
Debt to equity ratio
CN¥21.19b
Debt
Interest coverage ratio | 21.2x |
Cash | CN¥1.80b |
Equity | CN¥40.01b |
Total liabilities | CN¥33.91b |
Total assets | CN¥73.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600989's short term assets (CN¥3.9B) do not cover its short term liabilities (CN¥16.6B).
Long Term Liabilities: 600989's short term assets (CN¥3.9B) do not cover its long term liabilities (CN¥17.3B).
Debt to Equity History and Analysis
Debt Level: 600989's net debt to equity ratio (48.5%) is considered high.
Reducing Debt: 600989's debt to equity ratio has reduced from 59% to 53% over the past 5 years.
Debt Coverage: 600989's debt is well covered by operating cash flow (40.3%).
Interest Coverage: 600989's interest payments on its debt are well covered by EBIT (21.2x coverage).