Centre Testing International Group Balance Sheet Health
Financial Health criteria checks 6/6
Centre Testing International Group has a total shareholder equity of CN¥6.7B and total debt of CN¥18.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥8.6B and CN¥1.9B respectively. Centre Testing International Group's EBIT is CN¥840.9M making its interest coverage ratio -10.7. It has cash and short-term investments of CN¥1.2B.
Key information
0.3%
Debt to equity ratio
CN¥18.68m
Debt
| Interest coverage ratio | -10.7x |
| Cash | CN¥1.21b |
| Equity | CN¥6.67b |
| Total liabilities | CN¥1.92b |
| Total assets | CN¥8.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300012's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 300012's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥480.4M).
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 reduced from 1.8% to 0.3% over the past 5 years.
Debt Coverage: 300012's debt is well covered by operating cash flow (5232.3%).
Interest Coverage: 300012 earns more interest than it pays, so coverage of interest payments is not a concern.