CGN New Energy Holdings Balance Sheet Health
Financial Health criteria checks 0/6
CGN New Energy Holdings has a total shareholder equity of $1.7B and total debt of $5.9B, which brings its debt-to-equity ratio to 347%. Its total assets and total liabilities are $8.4B and $6.7B respectively. CGN New Energy Holdings's EBIT is $552.5M making its interest coverage ratio 2.7. It has cash and short-term investments of $301.7M.
Key information
347.0%
Debt to equity ratio
US$5.86b
Debt
Interest coverage ratio | 2.7x |
Cash | US$301.67m |
Equity | US$1.69b |
Total liabilities | US$6.66b |
Total assets | US$8.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1811's short term assets ($1.8B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: 1811's short term assets ($1.8B) do not cover its long term liabilities ($4.7B).
Debt to Equity History and Analysis
Debt Level: 1811's net debt to equity ratio (329.1%) is considered high.
Reducing Debt: 1811's debt to equity ratio has increased from 283.8% to 347% over the past 5 years.
Debt Coverage: 1811's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: 1811's interest payments on its debt are not well covered by EBIT (2.7x coverage).