China Nuclear Energy Technology Balance Sheet Health
Financial Health criteria checks 2/6
China Nuclear Energy Technology has a total shareholder equity of HK$1.7B and total debt of HK$5.6B, which brings its debt-to-equity ratio to 335.9%. Its total assets and total liabilities are HK$9.5B and HK$7.8B respectively. China Nuclear Energy Technology's EBIT is HK$278.8M making its interest coverage ratio 2. It has cash and short-term investments of HK$1.7B.
Key information
335.9%
Debt to equity ratio
HK$5.59b
Debt
Interest coverage ratio | 2x |
Cash | HK$1.75b |
Equity | HK$1.66b |
Total liabilities | HK$7.84b |
Total assets | HK$9.51b |
Recent financial health updates
China Nuclear Energy Technology (HKG:611) Seems To Be Using A Lot Of Debt
Apr 02Here's Why China Nuclear Energy Technology (HKG:611) Is Weighed Down By Its Debt Load
Sep 24Is China Nuclear Energy Technology (HKG:611) Using Too Much Debt?
Apr 13Recent updates
Returns On Capital Signal Tricky Times Ahead For China Nuclear Energy Technology (HKG:611)
Sep 25China Nuclear Energy Technology (HKG:611) Seems To Be Using A Lot Of Debt
Apr 02Here's Why China Nuclear Energy Technology (HKG:611) Is Weighed Down By Its Debt Load
Sep 24Is China Nuclear Energy Technology (HKG:611) Using Too Much Debt?
Apr 13China Nuclear Energy Technology Corporation Limited (HKG:611) Insiders Increased Their Holdings
Mar 17The China Nuclear Energy Technology (HKG:611) Share Price Is Up 126% And Shareholders Are Boasting About It
Feb 10What Is The Ownership Structure Like For China Nuclear Energy Technology Corporation Limited (HKG:611)?
Jan 21Did China Nuclear Energy Technology Corporation Limited (HKG:611) Use Debt To Deliver Its ROE Of 10%?
Jan 04Here's Why We Don't Think China Nuclear Energy Technology's (HKG:611) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 17Financial Position Analysis
Short Term Liabilities: 611's short term assets (HK$5.8B) exceed its short term liabilities (HK$4.9B).
Long Term Liabilities: 611's short term assets (HK$5.8B) exceed its long term liabilities (HK$2.9B).
Debt to Equity History and Analysis
Debt Level: 611's net debt to equity ratio (230.7%) is considered high.
Reducing Debt: 611's debt to equity ratio has increased from 203.9% to 335.9% over the past 5 years.
Debt Coverage: 611's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 611's interest payments on its debt are not well covered by EBIT (2x coverage).