Concord New Energy Group Balance Sheet Health
Financial Health criteria checks 1/6
Concord New Energy Group has a total shareholder equity of CN¥8.4B and total debt of CN¥16.5B, which brings its debt-to-equity ratio to 196%. Its total assets and total liabilities are CN¥31.2B and CN¥22.8B respectively. Concord New Energy Group's EBIT is CN¥993.9M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥2.6B.
Key information
196.0%
Debt to equity ratio
CN¥16.54b
Debt
Interest coverage ratio | 1.6x |
Cash | CN¥2.60b |
Equity | CN¥8.44b |
Total liabilities | CN¥22.80b |
Total assets | CN¥31.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CWPW.F's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: CWPW.F's short term assets (CN¥7.0B) do not cover its long term liabilities (CN¥15.9B).
Debt to Equity History and Analysis
Debt Level: CWPW.F's net debt to equity ratio (165.2%) is considered high.
Reducing Debt: CWPW.F's debt to equity ratio has increased from 160.9% to 196% over the past 5 years.
Debt Coverage: CWPW.F's debt is not well covered by operating cash flow (9.6%).
Interest Coverage: CWPW.F's interest payments on its debt are not well covered by EBIT (1.6x coverage).