Ningbo Energy GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Ningbo Energy GroupLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥7.3B, which brings its debt-to-equity ratio to 147%. Its total assets and total liabilities are CN¥14.0B and CN¥9.0B respectively. Ningbo Energy GroupLtd's EBIT is CN¥196.3M making its interest coverage ratio -1. It has cash and short-term investments of CN¥1.1B.
Key information
147.0%
Debt to equity ratio
CN¥7.34b
Debt
| Interest coverage ratio | -1x |
| Cash | CN¥1.05b |
| Equity | CN¥4.99b |
| Total liabilities | CN¥8.97b |
| Total assets | CN¥13.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600982's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥5.1B).
Long Term Liabilities: 600982's short term assets (CN¥3.6B) do not cover its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 600982's net debt to equity ratio (125.9%) is considered high.
Reducing Debt: 600982's debt to equity ratio has increased from 51.7% to 147% over the past 5 years.
Debt Coverage: 600982's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 600982 earns more interest than it pays, so coverage of interest payments is not a concern.