Central New Energy Holding Group Balance Sheet Health
Financial Health criteria checks 2/6
Central New Energy Holding Group has a total shareholder equity of HK$1.3B and total debt of HK$1.7B, which brings its debt-to-equity ratio to 126.2%. Its total assets and total liabilities are HK$4.4B and HK$3.0B respectively. Central New Energy Holding Group's EBIT is HK$6.3M making its interest coverage ratio 0.2. It has cash and short-term investments of HK$339.9M.
Key information
126.2%
Debt to equity ratio
HK$1.67b
Debt
| Interest coverage ratio | 0.2x |
| Cash | HK$339.90m |
| Equity | HK$1.33b |
| Total liabilities | HK$3.03b |
| Total assets | HK$4.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1735's short term assets (HK$2.7B) exceed its short term liabilities (HK$2.7B).
Long Term Liabilities: 1735's short term assets (HK$2.7B) exceed its long term liabilities (HK$338.9M).
Debt to Equity History and Analysis
Debt Level: 1735's net debt to equity ratio (100.5%) is considered high.
Reducing Debt: 1735's debt to equity ratio has increased from 0% to 126.2% over the past 5 years.
Debt Coverage: 1735's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: 1735's interest payments on its debt are not well covered by EBIT (0.2x coverage).