Jiangxi Bestoo EnergyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Bestoo EnergyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥373.9M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are CN¥1.6B and CN¥568.3M respectively. Jiangxi Bestoo EnergyLtd's EBIT is CN¥247.3M making its interest coverage ratio -322.9. It has cash and short-term investments of CN¥419.0M.
Key information
34.7%
Debt to equity ratio
CN¥373.87m
Debt
| Interest coverage ratio | -322.9x |
| Cash | CN¥418.99m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥568.27m |
| Total assets | CN¥1.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001376's short term assets (CN¥549.2M) exceed its short term liabilities (CN¥534.8M).
Long Term Liabilities: 001376's short term assets (CN¥549.2M) exceed its long term liabilities (CN¥33.4M).
Debt to Equity History and Analysis
Debt Level: 001376 has more cash than its total debt.
Reducing Debt: 001376's debt to equity ratio has increased from 33.9% to 34.7% over the past 5 years.
Debt Coverage: 001376's debt is well covered by operating cash flow (80.8%).
Interest Coverage: 001376 earns more interest than it pays, so coverage of interest payments is not a concern.