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Perennial Energy Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Key information
39.7%
Debt to equity ratio
CN¥842.06m
Debt
| Interest coverage ratio | 36.3x |
| Cash | CN¥159.63m |
| Equity | CN¥2.12b |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥3.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2798's short term assets (CN¥992.7M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: 2798's short term assets (CN¥992.7M) exceed its long term liabilities (CN¥366.9M).
Debt to Equity History and Analysis
Debt Level: 2798's net debt to equity ratio (32.2%) is considered satisfactory.
Reducing Debt: 2798's debt to equity ratio has reduced from 88.4% to 39.7% over the past 5 years.
Debt Coverage: 2798's debt is well covered by operating cash flow (39.4%).
Interest Coverage: 2798's interest payments on its debt are well covered by EBIT (36.3x coverage).