China Testing & Certification International GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
China Testing & Certification International GroupLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 55.3%. Its total assets and total liabilities are CN¥5.0B and CN¥2.5B respectively. China Testing & Certification International GroupLtd's EBIT is CN¥392.0M making its interest coverage ratio 9.9. It has cash and short-term investments of CN¥269.3M.
Key information
55.3%
Debt to equity ratio
CN¥1.40b
Debt
Interest coverage ratio | 9.9x |
Cash | CN¥269.29m |
Equity | CN¥2.53b |
Total liabilities | CN¥2.49b |
Total assets | CN¥5.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603060's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603060's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥866.8M).
Debt to Equity History and Analysis
Debt Level: 603060's net debt to equity ratio (44.7%) is considered high.
Reducing Debt: 603060's debt to equity ratio has increased from 0% to 55.3% over the past 5 years.
Debt Coverage: 603060's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 603060's interest payments on its debt are well covered by EBIT (9.9x coverage).