NetEase Balance Sheet Health
Financial Health criteria checks 6/6
NetEase has a total shareholder equity of CN¥130.6B and total debt of CN¥25.3B, which brings its debt-to-equity ratio to 19.3%. Its total assets and total liabilities are CN¥195.1B and CN¥64.4B respectively. NetEase's EBIT is CN¥28.1B making its interest coverage ratio -5. It has cash and short-term investments of CN¥134.6B.
Key information
19.3%
Debt to equity ratio
CN¥25.27b
Debt
Interest coverage ratio | -5x |
Cash | CN¥134.60b |
Equity | CN¥130.64b |
Total liabilities | CN¥64.43b |
Total assets | CN¥195.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NETE34's short term assets (CN¥151.8B) exceed its short term liabilities (CN¥60.0B).
Long Term Liabilities: NETE34's short term assets (CN¥151.8B) exceed its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: NETE34 has more cash than its total debt.
Reducing Debt: NETE34's debt to equity ratio has reduced from 26.1% to 19.3% over the past 5 years.
Debt Coverage: NETE34's debt is well covered by operating cash flow (153.9%).
Interest Coverage: NETE34 earns more interest than it pays, so coverage of interest payments is not a concern.