Risen EnergyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Risen EnergyLtd has a total shareholder equity of CN¥14.9B and total debt of CN¥15.2B, which brings its debt-to-equity ratio to 101.8%. Its total assets and total liabilities are CN¥50.3B and CN¥35.3B respectively. Risen EnergyLtd's EBIT is CN¥1.4B making its interest coverage ratio 7.2. It has cash and short-term investments of CN¥8.5B.
Key information
101.8%
Debt to equity ratio
CN¥15.18b
Debt
Interest coverage ratio | 7.2x |
Cash | CN¥8.45b |
Equity | CN¥14.92b |
Total liabilities | CN¥35.33b |
Total assets | CN¥50.25b |
Financial Position Analysis
Short Term Liabilities: 300118's short term assets (CN¥22.3B) do not cover its short term liabilities (CN¥26.6B).
Long Term Liabilities: 300118's short term assets (CN¥22.3B) exceed its long term liabilities (CN¥8.7B).
Debt to Equity History and Analysis
Debt Level: 300118's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: 300118's debt to equity ratio has increased from 37.8% to 101.8% over the past 5 years.
Debt Coverage: 300118's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300118's interest payments on its debt are well covered by EBIT (7.2x coverage).