Guangdong Jinma Entertainment Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Jinma Entertainment has a total shareholder equity of CN¥1.4B and total debt of CN¥62.0M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥2.1B and CN¥723.7M respectively. Guangdong Jinma Entertainment's EBIT is CN¥15.5M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥827.2M.
Key information
4.4%
Debt to equity ratio
CN¥61.98m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥827.23m |
Equity | CN¥1.42b |
Total liabilities | CN¥723.71m |
Total assets | CN¥2.14b |
Financial Position Analysis
Short Term Liabilities: 300756's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥651.4M).
Long Term Liabilities: 300756's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥72.3M).
Debt to Equity History and Analysis
Debt Level: 300756 has more cash than its total debt.
Reducing Debt: 300756's debt to equity ratio has increased from 0% to 4.4% over the past 5 years.
Debt Coverage: 300756's debt is well covered by operating cash flow (153.6%).
Interest Coverage: 300756 earns more interest than it pays, so coverage of interest payments is not a concern.