Keda Industrial Group Balance Sheet Health
Financial Health criteria checks 6/6
Keda Industrial Group has a total shareholder equity of CN¥13.7B and total debt of CN¥5.0B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are CN¥24.9B and CN¥11.2B respectively. Keda Industrial Group's EBIT is CN¥929.0M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥3.6B.
Key information
36.4%
Debt to equity ratio
CN¥4.98b
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥3.65b |
| Equity | CN¥13.67b |
| Total liabilities | CN¥11.25b |
| Total assets | CN¥24.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KEDA's short term assets (CN¥11.8B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: KEDA's short term assets (CN¥11.8B) exceed its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: KEDA's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: KEDA's debt to equity ratio has reduced from 78.3% to 36.4% over the past 5 years.
Debt Coverage: KEDA's debt is well covered by operating cash flow (20.8%).
Interest Coverage: KEDA earns more interest than it pays, so coverage of interest payments is not a concern.