Black Peony (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Black Peony (Group) has a total shareholder equity of CN¥11.2B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 91%. Its total assets and total liabilities are CN¥29.3B and CN¥18.1B respectively. Black Peony (Group)'s EBIT is CN¥492.2M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥2.9B.
Key information
91.0%
Debt to equity ratio
CN¥10.17b
Debt
Interest coverage ratio | -2.1x |
Cash | CN¥2.86b |
Equity | CN¥11.18b |
Total liabilities | CN¥18.07b |
Total assets | CN¥29.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600510's short term assets (CN¥23.4B) exceed its short term liabilities (CN¥10.0B).
Long Term Liabilities: 600510's short term assets (CN¥23.4B) exceed its long term liabilities (CN¥8.1B).
Debt to Equity History and Analysis
Debt Level: 600510's net debt to equity ratio (65.4%) is considered high.
Reducing Debt: 600510's debt to equity ratio has reduced from 97% to 91% over the past 5 years.
Debt Coverage: 600510's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600510 earns more interest than it pays, so coverage of interest payments is not a concern.