Hainan Drinda New Energy Technology Balance Sheet Health
Financial Health criteria checks 3/6
Hainan Drinda New Energy Technology has a total shareholder equity of CN¥4.3B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 68.2%. Its total assets and total liabilities are CN¥15.9B and CN¥11.6B respectively. Hainan Drinda New Energy Technology's EBIT is CN¥497.7M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥2.4B.
Key information
68.2%
Debt to equity ratio
CN¥2.92b
Debt
| Interest coverage ratio | 3.1x |
| Cash | CN¥2.38b |
| Equity | CN¥4.28b |
| Total liabilities | CN¥11.59b |
| Total assets | CN¥15.87b |
Recent financial health updates
We Think Hainan Drinda New Energy Technology (SZSE:002865) Is Taking Some Risk With Its Debt
Aug 28
Here's Why Hainan Drinda New Energy Technology (SZSE:002865) Has A Meaningful Debt Burden
May 23Recent updates
We 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¥4.9B) do not cover its short term liabilities (CN¥4.9B).
Long Term Liabilities: 002865's short term assets (CN¥4.9B) 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 (12.5%) is considered satisfactory.
Reducing Debt: 002865's debt to equity ratio has increased from 48.4% to 68.2% over the past 5 years.
Debt Coverage: 002865's debt is well covered by operating cash flow (95.2%).
Interest Coverage: 002865's interest payments on its debt are well covered by EBIT (3.1x coverage).