China New Energy Balance Sheet Health
Financial Health criteria checks 3/6
China New Energy has a total shareholder equity of CN¥68.8M and total debt of CN¥27.0M, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are CN¥326.4M and CN¥257.6M respectively.
Key information
39.2%
Debt to equity ratio
CN¥26.99m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥5.17m |
| Equity | CN¥68.76m |
| Total liabilities | CN¥257.64m |
| Total assets | CN¥326.40m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1156's short term assets (CN¥234.6M) do not cover its short term liabilities (CN¥245.4M).
Long Term Liabilities: 1156's short term assets (CN¥234.6M) exceed its long term liabilities (CN¥12.2M).
Debt to Equity History and Analysis
Debt Level: 1156's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 1156's debt to equity ratio has increased from 9.2% to 39.2% over the past 5 years.
Debt Coverage: 1156's debt is well covered by operating cash flow (44.7%).
Interest Coverage: Insufficient data to determine if 1156's interest payments on its debt are well covered by EBIT.