Perennial Energy Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Perennial Energy Holdings has a total shareholder equity of CN¥2.4B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are CN¥4.3B and CN¥1.9B respectively. Perennial Energy Holdings's EBIT is CN¥668.8M making its interest coverage ratio 24.8. It has cash and short-term investments of CN¥237.6M.
Key information
52.1%
Debt to equity ratio
CN¥1.27b
Debt
Interest coverage ratio | 24.8x |
Cash | CN¥237.59m |
Equity | CN¥2.43b |
Total liabilities | CN¥1.91b |
Total assets | CN¥4.35b |
Recent financial health updates
We Think Perennial Energy Holdings (HKG:2798) Is Taking Some Risk With Its Debt
Sep 06Does Perennial Energy Holdings (HKG:2798) Have A Healthy Balance Sheet?
Oct 28Perennial Energy Holdings (HKG:2798) Has A Pretty Healthy Balance Sheet
Jun 18Perennial Energy Holdings (HKG:2798) Has A Pretty Healthy Balance Sheet
Nov 23Does Perennial Energy Holdings (HKG:2798) Have A Healthy Balance Sheet?
Apr 30Recent updates
Perennial Energy Holdings Limited (HKG:2798) Doing What It Can To Lift Shares
Jan 04We Think Perennial Energy Holdings (HKG:2798) Is Taking Some Risk With Its Debt
Sep 06Perennial Energy Holdings (HKG:2798) Could Be Struggling To Allocate Capital
Aug 10Perennial Energy Holdings' (HKG:2798) Dividend Will Be Increased To CN¥0.125
Jun 01A Look At The Intrinsic Value Of Perennial Energy Holdings Limited (HKG:2798)
Apr 20Perennial Energy Holdings (HKG:2798) Is Reinvesting At Lower Rates Of Return
Mar 21Perennial Energy Holdings (HKG:2798) Will Be Hoping To Turn Its Returns On Capital Around
Dec 10Does Perennial Energy Holdings (HKG:2798) Have A Healthy Balance Sheet?
Oct 28Many Would Be Envious Of Perennial Energy Holdings' (HKG:2798) Excellent Returns On Capital
Aug 02Perennial Energy Holdings (HKG:2798) Has A Pretty Healthy Balance Sheet
Jun 18Perennial Energy Holdings (HKG:2798) Is Due To Pay A Dividend Of HK$0.037
May 27Perennial Energy Holdings (HKG:2798) Has Affirmed Its Dividend Of HK$0.037
May 12Perennial Energy Holdings (HKG:2798) Will Pay A Dividend Of HK$0.037
Apr 27Perennial Energy Holdings (HKG:2798) Is Due To Pay A Dividend Of HK$0.037
Mar 28Perennial Energy Holdings (HKG:2798) Has A Pretty Healthy Balance Sheet
Nov 23Here's What's Concerning About Perennial Energy Holdings' (HKG:2798) Returns On Capital
Sep 10Does Perennial Energy Holdings (HKG:2798) Have A Healthy Balance Sheet?
Apr 30Some Investors May Be Worried About Perennial Energy Holdings' (HKG:2798) Returns On Capital
Apr 12Are Strong Financial Prospects The Force That Is Driving The Momentum In Perennial Energy Holdings Limited's HKG:2798) Stock?
Feb 15Is There More To The Story Than Perennial Energy Holdings's (HKG:2798) Earnings Growth?
Jan 04The Perennial Energy Holdings (HKG:2798) Share Price Has Gained 288%, So Why Not Pay It Some Attention?
Dec 14Returns On Capital At Perennial Energy Holdings (HKG:2798) Paint An Interesting Picture
Nov 26Financial Position Analysis
Short Term Liabilities: 2798's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 2798's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥75.3M).
Debt to Equity History and Analysis
Debt Level: 2798's net debt to equity ratio (42.3%) is considered high.
Reducing Debt: 2798's debt to equity ratio has increased from 48.1% to 52.1% over the past 5 years.
Debt Coverage: 2798's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2798's interest payments on its debt are well covered by EBIT (24.8x coverage).