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¥260.0M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥1.5B and CN¥441.8M respectively. Jiangxi Bestoo EnergyLtd's EBIT is CN¥225.0M making its interest coverage ratio 24.7. It has cash and short-term investments of CN¥271.3M.
Key information
24.6%
Debt to equity ratio
CN¥259.99m
Debt
| Interest coverage ratio | 24.7x |
| Cash | CN¥271.32m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥441.76m |
| Total assets | CN¥1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001376's short term assets (CN¥404.0M) do not cover its short term liabilities (CN¥414.2M).
Long Term Liabilities: 001376's short term assets (CN¥404.0M) exceed its long term liabilities (CN¥27.6M).
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 reduced from 51.3% to 24.6% over the past 5 years.
Debt Coverage: 001376's debt is well covered by operating cash flow (122%).
Interest Coverage: 001376's interest payments on its debt are well covered by EBIT (24.7x coverage).