Suzhou Cheersson Precision Industry Group Balance Sheet Health
Financial Health criteria checks 3/6
Suzhou Cheersson Precision Industry Group has a total shareholder equity of CN¥934.2M and total debt of CN¥418.7M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are CN¥2.3B and CN¥1.4B respectively.
Key information
44.8%
Debt to equity ratio
CN¥418.66m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥99.00m |
| Equity | CN¥934.18m |
| Total liabilities | CN¥1.35b |
| Total assets | CN¥2.29b |
Financial Position Analysis
Short Term Liabilities: 002976's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 002976's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥331.1M).
Debt to Equity History and Analysis
Debt Level: 002976's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: 002976's debt to equity ratio has increased from 0% to 44.8% over the past 5 years.
Debt Coverage: 002976's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002976's interest payments on its debt are well covered by EBIT.