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¥3.0B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are CN¥17.0B and CN¥12.2B respectively. Hainan Drinda New Energy Technology's EBIT is CN¥1.5B making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥2.5B.
Key information
64.0%
Debt to equity ratio
CN¥3.02b
Debt
Interest coverage ratio | 7.3x |
Cash | CN¥2.50b |
Equity | CN¥4.71b |
Total liabilities | CN¥12.25b |
Total assets | CN¥16.96b |
Recent financial health updates
Recent updates
Hainan 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¥5.6B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002865's short term assets (CN¥5.6B) do not cover its long term liabilities (CN¥7.4B).
Debt to Equity History and Analysis
Debt Level: 002865's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: 002865's debt to equity ratio has increased from 58% to 64% over the past 5 years.
Debt Coverage: 002865's debt is well covered by operating cash flow (67.8%).
Interest Coverage: 002865's interest payments on its debt are well covered by EBIT (7.3x coverage).