North Industries Group Red Arrow Balance Sheet Health
Financial Health criteria checks 5/6
North Industries Group Red Arrow has a total shareholder equity of CN¥10.5B and total debt of CN¥206.4M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥15.2B and CN¥4.7B respectively. North Industries Group Red Arrow's EBIT is CN¥792.3M making its interest coverage ratio -8.4. It has cash and short-term investments of CN¥6.0B.
Key information
2.0%
Debt to equity ratio
CN¥206.44m
Debt
Interest coverage ratio | -8.4x |
Cash | CN¥6.04b |
Equity | CN¥10.52b |
Total liabilities | CN¥4.65b |
Total assets | CN¥15.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000519's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 000519's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥781.8M).
Debt to Equity History and Analysis
Debt Level: 000519 has more cash than its total debt.
Reducing Debt: 000519's debt to equity ratio has increased from 1.3% to 2% over the past 5 years.
Debt Coverage: 000519's debt is well covered by operating cash flow (350.5%).
Interest Coverage: 000519 earns more interest than it pays, so coverage of interest payments is not a concern.