Kingclean ElectricLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kingclean ElectricLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 86.7%. Its total assets and total liabilities are CN¥11.2B and CN¥7.1B respectively. Kingclean ElectricLtd's EBIT is CN¥744.6M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥5.3B.
Key information
86.7%
Debt to equity ratio
CN¥3.52b
Debt
Interest coverage ratio | -4.4x |
Cash | CN¥5.33b |
Equity | CN¥4.06b |
Total liabilities | CN¥7.13b |
Total assets | CN¥11.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603355's short term assets (CN¥8.5B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 603355's short term assets (CN¥8.5B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603355 has more cash than its total debt.
Reducing Debt: 603355's debt to equity ratio has increased from 0% to 86.7% over the past 5 years.
Debt Coverage: 603355's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: 603355 earns more interest than it pays, so coverage of interest payments is not a concern.