CBAK Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
CBAK Energy Technology has a total shareholder equity of $130.4M and total debt of $26.0M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are $293.5M and $163.1M respectively. CBAK Energy Technology's EBIT is $16.6M making its interest coverage ratio 1582.8. It has cash and short-term investments of $24.3M.
Key information
20.0%
Debt to equity ratio
US$26.05m
Debt
| Interest coverage ratio | 1582.8x |
| Cash | US$24.34m |
| Equity | US$130.38m |
| Total liabilities | US$163.09m |
| Total assets | US$293.48m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: B6JA's short term assets ($130.5M) do not cover its short term liabilities ($154.2M).
Long Term Liabilities: B6JA's short term assets ($130.5M) exceed its long term liabilities ($8.9M).
Debt to Equity History and Analysis
Debt Level: B6JA's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: B6JA's debt to equity ratio has reduced from 256.8% to 20% over the past 5 years.
Debt Coverage: B6JA's debt is well covered by operating cash flow (214.4%).
Interest Coverage: B6JA's interest payments on its debt are well covered by EBIT (1582.8x coverage).