Top Resource Energy Balance Sheet Health
Financial Health criteria checks 5/6
Top Resource Energy has a total shareholder equity of CN¥4.4B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 28.3%. Its total assets and total liabilities are CN¥8.8B and CN¥4.4B respectively. Top Resource Energy's EBIT is CN¥393.0M making its interest coverage ratio 6.5. It has cash and short-term investments of CN¥1.4B.
Key information
28.3%
Debt to equity ratio
CN¥1.26b
Debt
Interest coverage ratio | 6.5x |
Cash | CN¥1.40b |
Equity | CN¥4.44b |
Total liabilities | CN¥4.37b |
Total assets | CN¥8.81b |
Financial Position Analysis
Short Term Liabilities: 300332's short term assets (CN¥2.8B) do not cover its short term liabilities (CN¥3.2B).
Long Term Liabilities: 300332's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300332 has more cash than its total debt.
Reducing Debt: 300332's debt to equity ratio has reduced from 39.6% to 28.3% over the past 5 years.
Debt Coverage: 300332's debt is well covered by operating cash flow (49.8%).
Interest Coverage: 300332's interest payments on its debt are well covered by EBIT (6.5x coverage).