Triumph New Energy Balance Sheet Health
Financial Health criteria checks 4/6
Triumph New Energy has a total shareholder equity of CN¥4.7B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 80.8%. Its total assets and total liabilities are CN¥11.3B and CN¥6.6B respectively. Triumph New Energy's EBIT is CN¥131.3M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥658.2M.
Key information
80.8%
Debt to equity ratio
CN¥3.83b
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥658.16m |
| Equity | CN¥4.74b |
| Total liabilities | CN¥6.57b |
| Total assets | CN¥11.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: LUOY.F's short term assets (CN¥4.5B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: LUOY.F's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: LUOY.F's net debt to equity ratio (66.9%) is considered high.
Reducing Debt: LUOY.F's debt to equity ratio has reduced from 97.2% to 80.8% over the past 5 years.
Debt Coverage: LUOY.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LUOY.F's interest payments on its debt are well covered by EBIT (3.9x coverage).