Hainan Drinda New Energy Technology Balance Sheet Health
Financial Health criteria checks 2/6
Hainan Drinda New Energy Technology has a total shareholder equity of CN¥4.0B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 94.1%. Its total assets and total liabilities are CN¥16.7B and CN¥12.6B respectively.
Key information
94.1%
Debt to equity ratio
CN¥3.80b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.22b |
| Equity | CN¥4.03b |
| Total liabilities | CN¥12.64b |
| Total assets | CN¥16.68b |
Recent financial health updates
Is Hainan Drinda New Energy Technology (SZSE:002865) Using Too Much Debt?
Dec 02
We Think Hainan Drinda New Energy Technology (SZSE:002865) Is Taking Some Risk With Its Debt
Aug 28Here's Why Hainan Drinda New Energy Technology (SZSE:002865) Has A Meaningful Debt Burden
May 23Recent updates
Is Hainan Drinda New Energy Technology (SZSE:002865) Using Too Much Debt?
Dec 02There's No Escaping Hainan Drinda New Energy Technology Co., Ltd.'s (SZSE:002865) Muted Revenues Despite A 25% Share Price Rise
Sep 27We Think Hainan Drinda New Energy Technology (SZSE:002865) Is Taking Some Risk With Its Debt
Aug 28Hainan Drinda New Energy Technology Co., Ltd. (SZSE:002865) Stock's 28% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Jun 25Here's Why Hainan Drinda New Energy Technology (SZSE:002865) Has A Meaningful Debt Burden
May 23Hainan Drinda New Energy Technology's (SZSE:002865) Sluggish Earnings Might Be Just The Beginning Of Its Problems
May 06Hainan Drinda New Energy Technology (SZSE:002865) Will Pay A Larger Dividend Than Last Year At CN¥0.7462
Apr 24Hainan Drinda New Energy Technology Co., Ltd. (SZSE:002865) Might Not Be As Mispriced As It Looks After Plunging 26%
Apr 10Time To Worry? Analysts Are Downgrading Their Hainan Drinda New Energy Technology Co., Ltd. (SZSE:002865) Outlook
Mar 22Hainan Drinda New Energy Technology Co., Ltd.'s (SZSE:002865) Intrinsic Value Is Potentially 46% Above Its Share Price
Feb 29Financial Position Analysis
Short Term Liabilities: 002865's short term assets (CN¥5.7B) do not cover its short term liabilities (CN¥6.0B).
Long Term Liabilities: 002865's short term assets (CN¥5.7B) do not cover its long term liabilities (CN¥6.7B).
Debt to Equity History and Analysis
Debt Level: 002865's net debt to equity ratio (14.3%) is considered satisfactory.
Reducing Debt: 002865's debt to equity ratio has increased from 50.1% to 94.1% over the past 5 years.
Debt Coverage: 002865's debt is well covered by operating cash flow (58%).
Interest Coverage: Insufficient data to determine if 002865's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 00:29 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hainan Drinda New Energy Technology Co., Ltd. is covered by 6 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhongshu Yin | Everbright Securities Co. Ltd. |
| Weiqi Wang | Guosen Securities Co., Ltd. |
| Shuai Wang | Industrial Securities Co. Ltd. |