Freewon ChinaLtd Balance Sheet Health
Financial Health criteria checks 4/6
Freewon ChinaLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 71.7%. Its total assets and total liabilities are CN¥3.5B and CN¥1.8B respectively. Freewon ChinaLtd's EBIT is CN¥115.6M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥913.5M.
Key information
71.7%
Debt to equity ratio
CN¥1.18b
Debt
Interest coverage ratio | 8.5x |
Cash | CN¥913.50m |
Equity | CN¥1.65b |
Total liabilities | CN¥1.83b |
Total assets | CN¥3.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688678's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥908.9M).
Long Term Liabilities: 688678's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥923.1M).
Debt to Equity History and Analysis
Debt Level: 688678's net debt to equity ratio (16.1%) is considered satisfactory.
Reducing Debt: 688678's debt to equity ratio has increased from 22% to 71.7% over the past 5 years.
Debt Coverage: 688678's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: 688678's interest payments on its debt are well covered by EBIT (8.5x coverage).