Kandi Technologies Group Balance Sheet Health
Financial Health criteria checks 4/6
Kandi Technologies Group has a total shareholder equity of $406.5M and total debt of $17.5M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are $495.5M and $88.9M respectively.
Key information
4.3%
Debt to equity ratio
US$17.46m
Debt
Interest coverage ratio | n/a |
Cash | US$67.70m |
Equity | US$406.51m |
Total liabilities | US$88.95m |
Total assets | US$495.46m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K40's short term assets ($343.5M) exceed its short term liabilities ($76.7M).
Long Term Liabilities: K40's short term assets ($343.5M) exceed its long term liabilities ($12.3M).
Debt to Equity History and Analysis
Debt Level: K40 has more cash than its total debt.
Reducing Debt: K40's debt to equity ratio has reduced from 32% to 4.3% over the past 5 years.
Debt Coverage: K40's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if K40's interest payments on its debt are well covered by EBIT.