Delong Composite Energy Group Balance Sheet Health
Financial Health criteria checks 3/6
Delong Composite Energy Group has a total shareholder equity of CN¥956.2M and total debt of CN¥610.0M, which brings its debt-to-equity ratio to 63.8%. Its total assets and total liabilities are CN¥2.0B and CN¥1.1B respectively. Delong Composite Energy Group's EBIT is CN¥109.9M making its interest coverage ratio 5.2. It has cash and short-term investments of CN¥169.8M.
Key information
63.8%
Debt to equity ratio
CN¥610.04m
Debt
| Interest coverage ratio | 5.2x |
| Cash | CN¥169.84m |
| Equity | CN¥956.22m |
| Total liabilities | CN¥1.08b |
| Total assets | CN¥2.03b |
Recent financial health updates
No updates
Recent updates
Some Shareholders Feeling Restless Over Delong Composite Energy Group Co., Ltd.'s (SZSE:000593) P/S Ratio
Oct 04
Delong Composite Energy Group (SZSE:000593) Shareholders Will Want The ROCE Trajectory To Continue
Jun 07Subdued Growth No Barrier To Delong Composite Energy Group Co., Ltd.'s (SZSE:000593) Price
Feb 27Financial Position Analysis
Short Term Liabilities: 000593's short term assets (CN¥583.5M) do not cover its short term liabilities (CN¥705.6M).
Long Term Liabilities: 000593's short term assets (CN¥583.5M) exceed its long term liabilities (CN¥369.9M).
Debt to Equity History and Analysis
Debt Level: 000593's net debt to equity ratio (46%) is considered high.
Reducing Debt: 000593's debt to equity ratio has increased from 62.8% to 63.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 000593 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000593 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 48.6% per year.