Bestsun Energy Balance Sheet Health
Financial Health criteria checks 3/6
Bestsun Energy has a total shareholder equity of CN¥3.7B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 52.7%. Its total assets and total liabilities are CN¥7.7B and CN¥4.0B respectively. Bestsun Energy's EBIT is CN¥440.5M making its interest coverage ratio 7. It has cash and short-term investments of CN¥501.5M.
Key information
52.7%
Debt to equity ratio
CN¥1.95b
Debt
| Interest coverage ratio | 7x |
| Cash | CN¥501.51m |
| Equity | CN¥3.69b |
| Total liabilities | CN¥4.04b |
| Total assets | CN¥7.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600681's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥2.6B).
Long Term Liabilities: 600681's short term assets (CN¥1.3B) do not cover its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600681's net debt to equity ratio (39.1%) is considered satisfactory.
Reducing Debt: 600681's debt to equity ratio has increased from 30% to 52.7% over the past 5 years.
Debt Coverage: 600681's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 600681's interest payments on its debt are well covered by EBIT (7x coverage).