Kingclean ElectricLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kingclean ElectricLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 102.5%. Its total assets and total liabilities are CN¥13.1B and CN¥8.1B respectively. Kingclean ElectricLtd's EBIT is CN¥1.1B making its interest coverage ratio -8.9. It has cash and short-term investments of CN¥6.2B.
Key information
102.5%
Debt to equity ratio
CN¥5.11b
Debt
| Interest coverage ratio | -8.9x |
| Cash | CN¥6.17b |
| Equity | CN¥4.99b |
| Total liabilities | CN¥8.10b |
| Total assets | CN¥13.09b |
Recent financial health updates
Recent updates
The Market Doesn't Like What It Sees From Kingclean Electric Co.,Ltd's (SHSE:603355) Earnings Yet
Jul 12
Kingclean ElectricLtd (SHSE:603355) Has More To Do To Multiply In Value Going Forward
Jun 07We Think Kingclean ElectricLtd (SHSE:603355) Can Manage Its Debt With Ease
May 22We Think That There Are Issues Underlying Kingclean ElectricLtd's (SHSE:603355) Earnings
May 07Kingclean Electric Co.,Ltd's (SHSE:603355) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Mar 06Financial Position Analysis
Short Term Liabilities: 603355's short term assets (CN¥10.1B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: 603355's short term assets (CN¥10.1B) exceed its long term liabilities (CN¥2.0B).
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 102.5% over the past 5 years.
Debt Coverage: 603355's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 603355 earns more interest than it pays, so coverage of interest payments is not a concern.