Hainan Drinda New Energy Technology Balance Sheet Health
Financial Health criteria checks 4/6
Hainan Drinda New Energy Technology has a total shareholder equity of CN¥4.7B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are CN¥18.4B and CN¥13.7B respectively. Hainan Drinda New Energy Technology's EBIT is CN¥1.8B making its interest coverage ratio 9.4. It has cash and short-term investments of CN¥3.6B.
Key information
66.4%
Debt to equity ratio
CN¥3.13b
Debt
| Interest coverage ratio | 9.4x |
| Cash | CN¥3.61b |
| Equity | CN¥4.71b |
| Total liabilities | CN¥13.68b |
| Total assets | CN¥18.38b |
Recent financial health updates
No updates
Recent updates
Hainan Drinda New Energy Technology (SZSE:002865) Will Pay A Larger Dividend Than Last Year At CN¥0.7462
Apr 24
Hainan 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¥7.0B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 002865's short term assets (CN¥7.0B) do not cover its long term liabilities (CN¥7.2B).
Debt to Equity History and Analysis
Debt Level: 002865 has more cash than its total debt.
Reducing Debt: 002865's debt to equity ratio has increased from 55.8% to 66.4% over the past 5 years.
Debt Coverage: 002865's debt is well covered by operating cash flow (63.3%).
Interest Coverage: 002865's interest payments on its debt are well covered by EBIT (9.4x coverage).