Shareate Tools Balance Sheet Health
Financial Health criteria checks 6/6
Shareate Tools has a total shareholder equity of CN¥2.3B and total debt of CN¥349.7M, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are CN¥3.4B and CN¥1.1B respectively. Shareate Tools's EBIT is CN¥225.2M making its interest coverage ratio -17.1. It has cash and short-term investments of CN¥630.6M.
Key information
15.0%
Debt to equity ratio
CN¥349.69m
Debt
Interest coverage ratio | -17.1x |
Cash | CN¥630.64m |
Equity | CN¥2.33b |
Total liabilities | CN¥1.10b |
Total assets | CN¥3.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688257's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥947.2M).
Long Term Liabilities: 688257's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥157.3M).
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 24.8% to 15% over the past 5 years.
Debt Coverage: 688257's debt is well covered by operating cash flow (37.3%).
Interest Coverage: 688257 earns more interest than it pays, so coverage of interest payments is not a concern.