Sinostar Cable Balance Sheet Health
Financial Health criteria checks 3/6
Sinostar Cable has a total shareholder equity of CN¥1.7B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 105.2%. Its total assets and total liabilities are CN¥3.9B and CN¥2.2B respectively. Sinostar Cable's EBIT is CN¥158.6M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥725.4M.
Key information
105.2%
Debt to equity ratio
CN¥1.76b
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥725.42m |
Equity | CN¥1.67b |
Total liabilities | CN¥2.22b |
Total assets | CN¥3.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300933's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 300933's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥495.0M).
Debt to Equity History and Analysis
Debt Level: 300933's net debt to equity ratio (61.9%) is considered high.
Reducing Debt: 300933's debt to equity ratio has increased from 62% to 105.2% over the past 5 years.
Debt Coverage: 300933's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300933 earns more interest than it pays, so coverage of interest payments is not a concern.