IRICO Group New Energy Balance Sheet Health
Financial Health criteria checks 4/6
IRICO Group New Energy has a total shareholder equity of CN¥1.8B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 268.9%. Its total assets and total liabilities are CN¥9.2B and CN¥7.4B respectively. IRICO Group New Energy's EBIT is CN¥112.7M making its interest coverage ratio 1. It has cash and short-term investments of CN¥1.0B.
Key information
268.9%
Debt to equity ratio
CN¥4.86b
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥1.02b |
| Equity | CN¥1.81b |
| Total liabilities | CN¥7.38b |
| Total assets | CN¥9.18b |
Recent financial health updates
Does IRICO Group New Energy (HKG:438) Have A Healthy Balance Sheet?
Sep 30
Is IRICO Group New Energy (HKG:438) A Risky Investment?
Apr 12IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly
Aug 27IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly
May 17Recent updates
Returns Are Gaining Momentum At IRICO Group New Energy (HKG:438)
Dec 13IRICO Group New Energy Company Limited (HKG:438) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Oct 02IRICO Group New Energy Company Limited's (HKG:438) 26% Price Boost Is Out Of Tune With Revenues
May 12Getting In Cheap On IRICO Group New Energy Company Limited (HKG:438) Is Unlikely
Dec 19IRICO Group New Energy (HKG:438) Will Be Hoping To Turn Its Returns On Capital Around
Aug 10Capital Allocation Trends At IRICO Group New Energy (HKG:438) Aren't Ideal
Nov 08Does IRICO Group New Energy (HKG:438) Have A Healthy Balance Sheet?
Sep 30Here's What To Make Of IRICO Group New Energy's (HKG:438) Decelerating Rates Of Return
Jul 25Is IRICO Group New Energy (HKG:438) A Risky Investment?
Apr 12Investors Will Want IRICO Group New Energy's (HKG:438) Growth In ROCE To Persist
Jan 27Estimating The Intrinsic Value Of IRICO Group New Energy Company Limited (HKG:438)
Nov 06The Return Trends At IRICO Group New Energy (HKG:438) Look Promising
Oct 19IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly
Aug 27IRICO Group New Energy (HKG:438) Seems To Use Debt Quite Sensibly
May 17Returns At IRICO Group New Energy (HKG:438) Are On The Way Up
Mar 30A Look At The Fair Value Of IRICO Group New Energy Company Limited (HKG:438)
Feb 01
The IRICO Group New Energy (HKG:438) Share Price Has Gained 163%, So Why Not Pay It Some Attention?
Jan 06We're Not So Sure You Should Rely on IRICO Group New Energy's (HKG:438) Statutory Earnings
Dec 02Financial Position Analysis
Short Term Liabilities: 438's short term assets (CN¥3.5B) do not cover its short term liabilities (CN¥4.9B).
Long Term Liabilities: 438's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥2.5B).
Debt to Equity History and Analysis
Debt Level: 438's net debt to equity ratio (212.4%) is considered high.
Reducing Debt: 438's debt to equity ratio has reduced from 521.9% to 268.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 438 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 438 has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 27% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/13 21:13 |
| End of Day Share Price | 2025/03/13 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IRICO Group New Energy Company Limited is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Linglei Pan | Guotai Junan International Holdings Limited |