Add New Energy Investment Holdings Group Balance Sheet Health
Financial Health criteria checks 4/6
Add New Energy Investment Holdings Group has a total shareholder equity of CN¥491.9M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are CN¥869.3M and CN¥377.4M respectively. Add New Energy Investment Holdings Group's EBIT is CN¥63.1M making its interest coverage ratio 42.1. It has cash and short-term investments of CN¥146.1M.
Key information
6.1%
Debt to equity ratio
CN¥30.00m
Debt
| Interest coverage ratio | 42.1x |
| Cash | CN¥146.13m |
| Equity | CN¥491.88m |
| Total liabilities | CN¥377.42m |
| Total assets | CN¥869.30m |
Recent financial health updates
Add New Energy Investment Holdings Group (HKG:2623) Takes On Some Risk With Its Use Of Debt
Apr 05
Add New Energy Investment Holdings Group (HKG:2623) Seems To Use Debt Quite Sensibly
May 24Is Add New Energy Investment Holdings Group (HKG:2623) Weighed On By Its Debt Load?
Oct 03Does Add New Energy Investment Holdings Group (HKG:2623) Have A Healthy Balance Sheet?
May 30Here's Why Add New Energy Investment Holdings Group (HKG:2623) Has A Meaningful Debt Burden
Sep 30Here's Why Add New Energy Investment Holdings Group (HKG:2623) Has A Meaningful Debt Burden
Mar 29Recent updates
Add New Energy Investment Holdings Group (HKG:2623) Takes On Some Risk With Its Use Of Debt
Apr 05Add New Energy Investment Holdings Group Limited's (HKG:2623) 26% Dip In Price Shows Sentiment Is Matching Earnings
Apr 05There's Been No Shortage Of Growth Recently For Add New Energy Investment Holdings Group's (HKG:2623) Returns On Capital
Feb 05Add New Energy Investment Holdings Group's (HKG:2623) Returns On Capital Are Heading Higher
Oct 07Add New Energy Investment Holdings Group (HKG:2623) Seems To Use Debt Quite Sensibly
May 24Is Add New Energy Investment Holdings Group (HKG:2623) Weighed On By Its Debt Load?
Oct 03Does Add New Energy Investment Holdings Group (HKG:2623) Have A Healthy Balance Sheet?
May 30Here's Why Add New Energy Investment Holdings Group (HKG:2623) Has A Meaningful Debt Burden
Sep 30Returns On Capital Are Showing Encouraging Signs At Add New Energy Investment Holdings Group (HKG:2623)
Jul 09We Take A Look At Whether Add New Energy Investment Holdings Group Limited's (HKG:2623) CEO May Be Underpaid
May 22Shareholders Shouldn’t Be Too Comfortable With Add New Energy Investment Holdings Group's (HKG:2623) Strong Earnings
May 09Here's Why Add New Energy Investment Holdings Group (HKG:2623) Has A Meaningful Debt Burden
Mar 29Introducing Add New Energy Investment Holdings Group (HKG:2623), A Stock That Climbed 62% In The Last Year
Dec 27
Does Add New Energy Investment Holdings Group (HKG:2623) Have A Healthy Balance Sheet?
Nov 22Financial Position Analysis
Short Term Liabilities: 2623's short term assets (CN¥235.8M) do not cover its short term liabilities (CN¥261.3M).
Long Term Liabilities: 2623's short term assets (CN¥235.8M) exceed its long term liabilities (CN¥116.1M).
Debt to Equity History and Analysis
Debt Level: 2623 has more cash than its total debt.
Reducing Debt: 2623's debt to equity ratio has reduced from 37.4% to 6.1% over the past 5 years.
Debt Coverage: 2623's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2623's interest payments on its debt are well covered by EBIT (42.1x coverage).