Nanjing CIGU TechnologyLTD Balance Sheet Health
Financial Health criteria checks 6/6
Nanjing CIGU TechnologyLTD has a total shareholder equity of CN¥966.1M and total debt of CN¥757.5K, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥1.4B and CN¥405.7M respectively. Nanjing CIGU TechnologyLTD's EBIT is CN¥31.2M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥469.1M.
Key information
0.08%
Debt to equity ratio
CN¥757.50k
Debt
Interest coverage ratio | -2.9x |
Cash | CN¥469.10m |
Equity | CN¥966.13m |
Total liabilities | CN¥405.67m |
Total assets | CN¥1.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688448's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥378.0M).
Long Term Liabilities: 688448's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥27.7M).
Debt to Equity History and Analysis
Debt Level: 688448 has more cash than its total debt.
Reducing Debt: 688448's debt to equity ratio has reduced from 49.5% to 0.08% over the past 5 years.
Debt Coverage: 688448's debt is well covered by operating cash flow (6562.1%).
Interest Coverage: 688448 earns more interest than it pays, so coverage of interest payments is not a concern.