CIMC Safeway Technologies Balance Sheet Health
Financial Health criteria checks 6/6
CIMC Safeway Technologies has a total shareholder equity of CN¥4.7B and total debt of CN¥45.2M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥5.5B and CN¥820.3M respectively. CIMC Safeway Technologies's EBIT is CN¥455.4M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥2.9B.
Key information
1.0%
Debt to equity ratio
CN¥45.24m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥2.94b |
Equity | CN¥4.72b |
Total liabilities | CN¥820.34m |
Total assets | CN¥5.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301559's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥697.2M).
Long Term Liabilities: 301559's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥123.1M).
Debt to Equity History and Analysis
Debt Level: 301559 has more cash than its total debt.
Reducing Debt: 301559's debt to equity ratio has reduced from 12.5% to 1% over the past 5 years.
Debt Coverage: 301559's debt is well covered by operating cash flow (1464.2%).
Interest Coverage: 301559 earns more interest than it pays, so coverage of interest payments is not a concern.