CBAK Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
CBAK Energy Technology has a total shareholder equity of $130.4M and total debt of $26.0M, which brings its debt-to-equity ratio to 20%. Its total assets and total liabilities are $293.5M and $163.1M respectively. CBAK Energy Technology's EBIT is $16.6M making its interest coverage ratio 1582.8. It has cash and short-term investments of $24.3M.
Key information
20.0%
Debt to equity ratio
US$26.05m
Debt
| Interest coverage ratio | 1582.8x |
| Cash | US$24.34m |
| Equity | US$130.38m |
| Total liabilities | US$163.09m |
| Total assets | US$293.48m |
Recent financial health updates
Recent updates
CBAK Energy Technology (NASDAQ:CBAT) Shareholders Will Want The ROCE Trajectory To Continue
Nov 13
Positive Sentiment Still Eludes CBAK Energy Technology, Inc. (NASDAQ:CBAT) Following 26% Share Price Slump
Aug 11Investors Still Aren't Entirely Convinced By CBAK Energy Technology, Inc.'s (NASDAQ:CBAT) Revenues Despite 30% Price Jump
May 08CBAK Energy Technology, Inc.'s (NASDAQ:CBAT) Shares Leap 25% Yet They're Still Not Telling The Full Story
Mar 15It's A Story Of Risk Vs Reward With CBAK Energy Technology, Inc. (NASDAQ:CBAT)
Jan 09CBAK Energy gets $28M battery order from a European customer
Sep 22CBAK Energy Technology, Inc.'s (NASDAQ:CBAT) Share Price Boosted 32% But Its Business Prospects Need A Lift Too
Aug 17CBAK Energy Technology GAAP EPS of $0.00, revenue of $56.35M
Aug 15CBAK Talks Up Acquisition Of Troubled Supplier, But Investors Unimpressed
Apr 14Sell CBAK Energy Technology, Too Many Red Flags
Dec 27We Think That There Are Issues Underlying CBAK Energy Technology's (NASDAQ:CBAT) Earnings
Nov 23CBAK Energy plans production capacity expansion
Feb 03CBAK Energy soars on report of NIO planning models with lithium ion batteries
Jan 06CBAK Energy Does Not Belong To The Electric Vehicle Revolution
Dec 10CBAK Energy to raise ~$49.2M via registered direct placement
Dec 08CBAK Energy: Disconnected From Reality
Nov 18CBAK Energy Technology, Inc. reports Q3 results
Nov 17Financial Position Analysis
Short Term Liabilities: CBAT's short term assets ($130.5M) do not cover its short term liabilities ($154.2M).
Long Term Liabilities: CBAT's short term assets ($130.5M) exceed its long term liabilities ($8.9M).
Debt to Equity History and Analysis
Debt Level: CBAT's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: CBAT's debt to equity ratio has reduced from 256.8% to 20% over the past 5 years.
Debt Coverage: CBAT's debt is well covered by operating cash flow (214.4%).
Interest Coverage: CBAT's interest payments on its debt are well covered by EBIT (1582.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 00:18 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| 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 here.
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 .
Analyst Sources
CBAK Energy Technology, Inc. is covered by 2 analysts. 1 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 |
|---|---|
| Mark Tobin | Roth MKM |
| Brian Lantier | Zacks Small-Cap Research |