CGN New Energy Holdings Balance Sheet Health
Financial Health criteria checks 1/6
CGN New Energy Holdings has a total shareholder equity of $1.6B and total debt of $5.7B, which brings its debt-to-equity ratio to 353.6%. Its total assets and total liabilities are $8.1B and $6.5B respectively. CGN New Energy Holdings's EBIT is $604.6M making its interest coverage ratio 2.8. It has cash and short-term investments of $357.9M.
Key information
353.6%
Debt to equity ratio
US$5.72b
Debt
Interest coverage ratio | 2.8x |
Cash | US$357.86m |
Equity | US$1.62b |
Total liabilities | US$6.51b |
Total assets | US$8.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGEG.F's short term assets ($1.9B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: CGEG.F's short term assets ($1.9B) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: CGEG.F's net debt to equity ratio (331.4%) is considered high.
Reducing Debt: CGEG.F's debt to equity ratio has increased from 266.9% to 353.6% over the past 5 years.
Debt Coverage: CGEG.F's debt is not well covered by operating cash flow (11.2%).
Interest Coverage: CGEG.F's interest payments on its debt are not well covered by EBIT (2.8x coverage).