Bestsun Energy Balance Sheet Health
Financial Health criteria checks 1/6
Bestsun Energy has a total shareholder equity of CN¥3.9B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CN¥7.9B and CN¥4.0B respectively. Bestsun Energy's EBIT is CN¥525.7M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥481.3M.
Key information
57.1%
Debt to equity ratio
CN¥2.22b
Debt
Interest coverage ratio | 8.8x |
Cash | CN¥481.33m |
Equity | CN¥3.90b |
Total liabilities | CN¥4.02b |
Total assets | CN¥7.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600681's short term assets (CN¥1.5B) do not cover its short term liabilities (CN¥2.3B).
Long Term Liabilities: 600681's short term assets (CN¥1.5B) do not cover its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 600681's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: 600681's debt to equity ratio has increased from 29.1% to 57.1% over the past 5 years.
Debt Coverage: 600681's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 600681's interest payments on its debt are well covered by EBIT (8.8x coverage).