Elegant Home-Tech Balance Sheet Health
Financial Health criteria checks 6/6
Elegant Home-Tech has a total shareholder equity of CN¥1.6B and total debt of CN¥290.6M, which brings its debt-to-equity ratio to 17.8%. Its total assets and total liabilities are CN¥2.3B and CN¥690.4M respectively. Elegant Home-Tech's EBIT is CN¥121.4M making its interest coverage ratio 17.8. It has cash and short-term investments of CN¥460.0M.
Key information
17.8%
Debt to equity ratio
CN¥290.56m
Debt
Interest coverage ratio | 17.8x |
Cash | CN¥459.99m |
Equity | CN¥1.64b |
Total liabilities | CN¥690.41m |
Total assets | CN¥2.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603221's short term assets (CN¥974.2M) exceed its short term liabilities (CN¥558.8M).
Long Term Liabilities: 603221's short term assets (CN¥974.2M) exceed its long term liabilities (CN¥131.6M).
Debt to Equity History and Analysis
Debt Level: 603221 has more cash than its total debt.
Reducing Debt: 603221's debt to equity ratio has reduced from 24.1% to 17.8% over the past 5 years.
Debt Coverage: 603221's debt is well covered by operating cash flow (78.7%).
Interest Coverage: 603221's interest payments on its debt are well covered by EBIT (17.8x coverage).