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¥1.4B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are CN¥8.6B and CN¥4.2B respectively. Top Resource Energy's EBIT is CN¥290.8M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥1.2B.
Key information
31.9%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | 5.1x |
| Cash | CN¥1.19b |
| Equity | CN¥4.39b |
| Total liabilities | CN¥4.21b |
| Total assets | CN¥8.60b |
Recent financial health updates
Is Top Resource Energy (SZSE:300332) Using Too Much Debt?
Sep 26
We Think Top Resource Energy (SZSE:300332) Can Stay On Top Of Its Debt
Mar 25Recent updates
Why Investors Shouldn't Be Surprised By Top Resource Energy Co., Ltd.'s (SZSE:300332) 28% Share Price Surge
Sep 30Is Top Resource Energy (SZSE:300332) Using Too Much Debt?
Sep 26Top Resource Energy (SZSE:300332) Is Reducing Its Dividend To CN¥0.056
Jun 29The Consensus EPS Estimates For Top Resource Energy Co., Ltd. (SZSE:300332) Just Fell Dramatically
May 10Top Resource Energy's (SZSE:300332) Conservative Accounting Might Explain Soft Earnings
Apr 30We Think Top Resource Energy (SZSE:300332) Can Stay On Top Of Its Debt
Mar 25Financial Position Analysis
Short Term Liabilities: 300332's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 300332's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300332's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: 300332's debt to equity ratio has reduced from 36.8% to 31.9% over the past 5 years.
Debt Coverage: 300332's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 300332's interest payments on its debt are well covered by EBIT (5.1x coverage).