Shenzhen Ellassay FashionLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Ellassay FashionLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥277.4M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CN¥4.5B and CN¥1.4B respectively. Shenzhen Ellassay FashionLtd's EBIT is CN¥292.3M making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥609.1M.
Key information
8.9%
Debt to equity ratio
CN¥277.41m
Debt
Interest coverage ratio | -5.6x |
Cash | CN¥609.11m |
Equity | CN¥3.11b |
Total liabilities | CN¥1.40b |
Total assets | CN¥4.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603808's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥847.4M).
Long Term Liabilities: 603808's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥551.3M).
Debt to Equity History and Analysis
Debt Level: 603808 has more cash than its total debt.
Reducing Debt: 603808's debt to equity ratio has increased from 1.5% to 8.9% over the past 5 years.
Debt Coverage: 603808's debt is well covered by operating cash flow (165.3%).
Interest Coverage: 603808 earns more interest than it pays, so coverage of interest payments is not a concern.