Keda Industrial Group Balance Sheet Health
Financial Health criteria checks 6/6
Keda Industrial Group has a total shareholder equity of CN¥14.2B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 33.1%. Its total assets and total liabilities are CN¥24.4B and CN¥10.2B respectively. Keda Industrial Group's EBIT is CN¥969.6M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥3.9B.
Key information
33.1%
Debt to equity ratio
CN¥4.70b
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥3.91b |
| Equity | CN¥14.18b |
| Total liabilities | CN¥10.18b |
| Total assets | CN¥24.36b |
Recent financial health updates
No updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Keda Industrial Group (SHSE:600499)
Apr 01
Keda Industrial Group Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mar 30Keda Industrial Group Co., Ltd.'s (SHSE:600499) Price Is Right But Growth Is Lacking
Mar 25Financial Position Analysis
Short Term Liabilities: 600499's short term assets (CN¥11.7B) exceed its short term liabilities (CN¥6.5B).
Long Term Liabilities: 600499's short term assets (CN¥11.7B) exceed its long term liabilities (CN¥3.7B).
Debt to Equity History and Analysis
Debt Level: 600499's net debt to equity ratio (5.5%) is considered satisfactory.
Reducing Debt: 600499's debt to equity ratio has reduced from 88.7% to 33.1% over the past 5 years.
Debt Coverage: 600499's debt is well covered by operating cash flow (28.1%).
Interest Coverage: 600499 earns more interest than it pays, so coverage of interest payments is not a concern.