Shareate Tools Balance Sheet Health
Financial Health criteria checks 6/6
Shareate Tools has a total shareholder equity of CN¥2.4B and total debt of CN¥643.6M, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are CN¥4.0B and CN¥1.5B respectively. Shareate Tools's EBIT is CN¥206.9M making its interest coverage ratio -38. It has cash and short-term investments of CN¥906.9M.
Key information
26.6%
Debt to equity ratio
CN¥643.62m
Debt
| Interest coverage ratio | -38x |
| Cash | CN¥906.93m |
| Equity | CN¥2.42b |
| Total liabilities | CN¥1.54b |
| Total assets | CN¥3.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688257's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688257's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥130.6M).
Debt to Equity History and Analysis
Debt Level: 688257 has more cash than its total debt.
Reducing Debt: 688257's debt to equity ratio has reduced from 33.2% to 26.6% over the past 5 years.
Debt Coverage: 688257's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 688257 earns more interest than it pays, so coverage of interest payments is not a concern.