Jiangxi Bestoo EnergyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Bestoo EnergyLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥250.6M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are CN¥1.5B and CN¥429.3M respectively. Jiangxi Bestoo EnergyLtd's EBIT is CN¥220.8M making its interest coverage ratio 26.2. It has cash and short-term investments of CN¥247.6M.
Key information
24.0%
Debt to equity ratio
CN¥250.55m
Debt
Interest coverage ratio | 26.2x |
Cash | CN¥247.58m |
Equity | CN¥1.05b |
Total liabilities | CN¥429.26m |
Total assets | CN¥1.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001376's short term assets (CN¥383.9M) exceed its short term liabilities (CN¥382.7M).
Long Term Liabilities: 001376's short term assets (CN¥383.9M) exceed its long term liabilities (CN¥46.6M).
Debt to Equity History and Analysis
Debt Level: 001376's net debt to equity ratio (0.3%) is considered satisfactory.
Reducing Debt: 001376's debt to equity ratio has reduced from 27.7% to 24% over the past 5 years.
Debt Coverage: 001376's debt is well covered by operating cash flow (123.3%).
Interest Coverage: 001376's interest payments on its debt are well covered by EBIT (26.2x coverage).