Central New Energy Holding Group Balance Sheet Health
Financial Health criteria checks 3/6
Central New Energy Holding Group has a total shareholder equity of HK$1.3B and total debt of HK$1.1B, which brings its debt-to-equity ratio to 85.5%. Its total assets and total liabilities are HK$3.5B and HK$2.2B respectively. Central New Energy Holding Group's EBIT is HK$82.4M making its interest coverage ratio 3.5. It has cash and short-term investments of HK$149.4M.
Key information
85.5%
Debt to equity ratio
HK$1.12b
Debt
Interest coverage ratio | 3.5x |
Cash | HK$149.37m |
Equity | HK$1.31b |
Total liabilities | HK$2.19b |
Total assets | HK$3.50b |
Recent financial health updates
Health Check: How Prudently Does Central New Energy Holding Group (HKG:1735) Use Debt?
Oct 02Health Check: How Prudently Does Central New Energy Holding Group (HKG:1735) Use Debt?
Jun 09Is Central Holding Group (HKG:1735) Using Too Much Debt?
Dec 20Does Central Holding Group (HKG:1735) Have A Healthy Balance Sheet?
Sep 19Recent updates
The Return Trends At Central New Energy Holding Group (HKG:1735) Look Promising
Apr 23Market Participants Recognise Central New Energy Holding Group Limited's (HKG:1735) Revenues Pushing Shares 27% Higher
Mar 11Getting In Cheap On Central New Energy Holding Group Limited (HKG:1735) Might Be Difficult
Dec 18Health Check: How Prudently Does Central New Energy Holding Group (HKG:1735) Use Debt?
Oct 02Health Check: How Prudently Does Central New Energy Holding Group (HKG:1735) Use Debt?
Jun 09Returns On Capital Signal Tricky Times Ahead For Central Holding Group (HKG:1735)
Mar 13Is Central Holding Group (HKG:1735) Using Too Much Debt?
Dec 20Be Wary Of Central Holding Group (HKG:1735) And Its Returns On Capital
Nov 09Does Central Holding Group (HKG:1735) Have A Healthy Balance Sheet?
Sep 19Shareholders In Central Holding Group (HKG:1735) Should Look Beyond Earnings For The Full Story
May 10Financial Position Analysis
Short Term Liabilities: 1735's short term assets (HK$2.1B) exceed its short term liabilities (HK$1.9B).
Long Term Liabilities: 1735's short term assets (HK$2.1B) exceed its long term liabilities (HK$296.7M).
Debt to Equity History and Analysis
Debt Level: 1735's net debt to equity ratio (74.1%) is considered high.
Reducing Debt: 1735's debt to equity ratio has increased from 0% to 85.5% over the past 5 years.
Debt Coverage: 1735's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1735's interest payments on its debt are well covered by EBIT (3.5x coverage).