CBAK Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
CBAK Energy Technology has a total shareholder equity of $121.2M and total debt of $36.4M, which brings its debt-to-equity ratio to 30.1%. Its total assets and total liabilities are $286.5M and $165.2M respectively. CBAK Energy Technology's EBIT is $13.0M making its interest coverage ratio -59.9. It has cash and short-term investments of $23.8M.
Key information
30.1%
Debt to equity ratio
US$36.45m
Debt
Interest coverage ratio | -59.9x |
Cash | US$23.79m |
Equity | US$121.24m |
Total liabilities | US$165.22m |
Total assets | US$286.46m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0A98's short term assets ($130.2M) do not cover its short term liabilities ($156.1M).
Long Term Liabilities: 0A98's short term assets ($130.2M) exceed its long term liabilities ($9.2M).
Debt to Equity History and Analysis
Debt Level: 0A98's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: 0A98's debt to equity ratio has reduced from 1320.9% to 30.1% over the past 5 years.
Debt Coverage: 0A98's debt is well covered by operating cash flow (127.6%).
Interest Coverage: 0A98 earns more interest than it pays, so coverage of interest payments is not a concern.