Jiangxi Bestoo EnergyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Bestoo EnergyLtd has a total shareholder equity of CN¥995.3M and total debt of CN¥247.3M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CN¥1.5B and CN¥457.0M respectively. Jiangxi Bestoo EnergyLtd's EBIT is CN¥192.1M making its interest coverage ratio 22.8. It has cash and short-term investments of CN¥188.3M.
Key information
24.8%
Debt to equity ratio
CN¥247.25m
Debt
Interest coverage ratio | 22.8x |
Cash | CN¥188.32m |
Equity | CN¥995.28m |
Total liabilities | CN¥456.95m |
Total assets | CN¥1.45b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001376's short term assets (CN¥346.1M) do not cover its short term liabilities (CN¥409.2M).
Long Term Liabilities: 001376's short term assets (CN¥346.1M) exceed its long term liabilities (CN¥47.7M).
Debt to Equity History and Analysis
Debt Level: 001376's net debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: 001376's debt to equity ratio has reduced from 46.3% to 24.8% over the past 5 years.
Debt Coverage: 001376's debt is well covered by operating cash flow (120.1%).
Interest Coverage: 001376's interest payments on its debt are well covered by EBIT (22.8x coverage).