Centre Testing International Group Balance Sheet Health
Financial Health criteria checks 5/6
Centre Testing International Group has a total shareholder equity of CN¥7.0B and total debt of CN¥119.5M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥8.9B and CN¥2.0B respectively. Centre Testing International Group's EBIT is CN¥806.7M making its interest coverage ratio -10.8. It has cash and short-term investments of CN¥898.6M.
Key information
1.7%
Debt to equity ratio
CN¥119.48m
Debt
| Interest coverage ratio | -10.8x |
| Cash | CN¥898.56m |
| Equity | CN¥6.97b |
| Total liabilities | CN¥1.96b |
| Total assets | CN¥8.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300012's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300012's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥505.9M).
Debt to Equity History and Analysis
Debt Level: 300012 has more cash than its total debt.
Reducing Debt: 300012's debt to equity ratio has increased from 0.4% to 1.7% over the past 5 years.
Debt Coverage: 300012's debt is well covered by operating cash flow (829.6%).
Interest Coverage: 300012 earns more interest than it pays, so coverage of interest payments is not a concern.