Triumph New Energy Balance Sheet Health
Financial Health criteria checks 3/6
Triumph New Energy has a total shareholder equity of CN¥5.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 93.3%. Its total assets and total liabilities are CN¥12.4B and CN¥7.3B respectively. Triumph New Energy's EBIT is CN¥331.9M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥282.2M.
Key information
93.3%
Debt to equity ratio
CN¥4.72b
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥282.20m |
| Equity | CN¥5.05b |
| Total liabilities | CN¥7.31b |
| Total assets | CN¥12.36b |
Recent financial health updates
We Think Triumph New Energy (HKG:1108) Is Taking Some Risk With Its Debt
Jan 23
Triumph New Energy (HKG:1108) Seems To Be Using A Lot Of Debt
Oct 07Is Luoyang Glass (HKG:1108) Using Too Much Debt?
Jan 07Here's Why Luoyang Glass (HKG:1108) Has A Meaningful Debt Burden
Sep 22Does Luoyang Glass (HKG:1108) Have A Healthy Balance Sheet?
Dec 29Luoyang Glass (HKG:1108) Has A Pretty Healthy Balance Sheet
Jun 01Recent updates
We Think That There Are More Issues For Triumph New Energy (HKG:1108) Than Just Sluggish Earnings
Apr 04Even With A 32% Surge, Cautious Investors Are Not Rewarding Triumph New Energy Company Limited's (HKG:1108) Performance Completely
Mar 09We Think Triumph New Energy (HKG:1108) Is Taking Some Risk With Its Debt
Jan 23Triumph New Energy (HKG:1108) Has More To Do To Multiply In Value Going Forward
Dec 13Triumph New Energy (HKG:1108) Seems To Be Using A Lot Of Debt
Oct 07Is Now An Opportune Moment To Examine Triumph New Energy Company Limited (HKG:1108)?
Sep 15Triumph New Energy (HKG:1108) Will Want To Turn Around Its Return Trends
Jul 10At HK$6.67, Is It Time To Put Triumph New Energy Company Limited (HKG:1108) On Your Watch List?
May 09Is Luoyang Glass (HKG:1108) Using Too Much Debt?
Jan 07Investors Could Be Concerned With Luoyang Glass' (HKG:1108) Returns On Capital
Nov 17Here's Why Luoyang Glass (HKG:1108) Has A Meaningful Debt Burden
Sep 22We Think That There Are More Issues For Luoyang Glass (HKG:1108) Than Just Sluggish Earnings
Sep 06Why Luoyang Glass Company Limited (HKG:1108) Could Be Worth Watching
Sep 02Investors Will Want Luoyang Glass' (HKG:1108) Growth In ROCE To Persist
Aug 17Here's Why I Think Luoyang Glass (HKG:1108) Is An Interesting Stock
Mar 25When Should You Buy Luoyang Glass Company Limited (HKG:1108)?
Jan 25Luoyang Glass (HKG:1108) Is Experiencing Growth In Returns On Capital
Jan 11Does Luoyang Glass (HKG:1108) Have A Healthy Balance Sheet?
Dec 29Here's Why We Think Luoyang Glass (HKG:1108) Is Well Worth Watching
Dec 15It Looks Like The CEO Of Luoyang Glass Company Limited (HKG:1108) May Be Underpaid Compared To Peers
Jun 21Luoyang Glass (HKG:1108) Has A Pretty Healthy Balance Sheet
Jun 01We Think Luoyang Glass (HKG:1108) Might Have The DNA Of A Multi-Bagger
May 11Here's Why I Think Luoyang Glass (HKG:1108) Is An Interesting Stock
Apr 20Luoyang Glass (HKG:1108) Has A Somewhat Strained Balance Sheet
Dec 31
Financial Position Analysis
Short Term Liabilities: 1108's short term assets (CN¥4.2B) do not cover its short term liabilities (CN¥4.2B).
Long Term Liabilities: 1108's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 1108's net debt to equity ratio (87.7%) is considered high.
Reducing Debt: 1108's debt to equity ratio has reduced from 127.4% to 93.3% over the past 5 years.
Debt Coverage: 1108's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 1108's interest payments on its debt are well covered by EBIT (3.5x coverage).