Ningbo Energy GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Energy GroupLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 146.7%. Its total assets and total liabilities are CN¥13.5B and CN¥8.5B respectively. Ningbo Energy GroupLtd's EBIT is CN¥192.5M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥914.0M.
Key information
146.7%
Debt to equity ratio
CN¥7.38b
Debt
Interest coverage ratio | -1.1x |
Cash | CN¥914.02m |
Equity | CN¥5.03b |
Total liabilities | CN¥8.49b |
Total assets | CN¥13.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600982's short term assets (CN¥3.4B) do not cover its short term liabilities (CN¥4.6B).
Long Term Liabilities: 600982's short term assets (CN¥3.4B) do not cover its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600982's net debt to equity ratio (128.5%) is considered high.
Reducing Debt: 600982's debt to equity ratio has increased from 41.7% to 146.7% over the past 5 years.
Debt Coverage: 600982's debt is not well covered by operating cash flow (5.5%).
Interest Coverage: 600982 earns more interest than it pays, so coverage of interest payments is not a concern.