Bestsun Energy Balance Sheet Health
Financial Health criteria checks 3/6
Bestsun Energy has a total shareholder equity of CN¥3.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥7.9B and CN¥4.1B respectively. Bestsun Energy's EBIT is CN¥583.2M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥685.9M.
Key information
46.5%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | 9.1x |
Cash | CN¥685.86m |
Equity | CN¥3.80b |
Total liabilities | CN¥4.07b |
Total assets | CN¥7.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600681's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥2.3B).
Long Term Liabilities: 600681's short term assets (CN¥1.4B) do not cover its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 600681's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 600681's debt to equity ratio has increased from 21% to 46.5% over the past 5 years.
Debt Coverage: 600681's debt is well covered by operating cash flow (37.8%).
Interest Coverage: 600681's interest payments on its debt are well covered by EBIT (9.1x coverage).