Ningbo Energy GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Energy GroupLtd has a total shareholder equity of CN¥5.1B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 140.8%. Its total assets and total liabilities are CN¥14.6B and CN¥9.5B respectively. Ningbo Energy GroupLtd's EBIT is CN¥175.2M making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥896.8M.
Key information
140.8%
Debt to equity ratio
CN¥7.15b
Debt
| Interest coverage ratio | -0.7x |
| Cash | CN¥896.78m |
| Equity | CN¥5.08b |
| Total liabilities | CN¥9.54b |
| Total assets | CN¥14.62b |
Recent financial health updates
No updates
Recent updates
Ningbo Energy GroupLtd's (SHSE:600982) Weak Earnings Might Be Worse Than They Appear
Nov 06
There Is A Reason Ningbo Energy Group Co.,Ltd.'s (SHSE:600982) Price Is Undemanding
Oct 01Ningbo Energy GroupLtd (SHSE:600982) Is Paying Out A Larger Dividend Than Last Year
May 26Ningbo Energy GroupLtd's (SHSE:600982) Profits May Not Reveal Underlying Issues
May 06Financial Position Analysis
Short Term Liabilities: 600982's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥5.2B).
Long Term Liabilities: 600982's short term assets (CN¥3.8B) do not cover its long term liabilities (CN¥4.3B).
Debt to Equity History and Analysis
Debt Level: 600982's net debt to equity ratio (123.1%) is considered high.
Reducing Debt: 600982's debt to equity ratio has increased from 40% to 140.8% over the past 5 years.
Debt Coverage: 600982's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: 600982 earns more interest than it pays, so coverage of interest payments is not a concern.