Qu Mei Home Furnishings GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Qu Mei Home Furnishings GroupLtd has a total shareholder equity of CN¥2.4B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 130.6%. Its total assets and total liabilities are CN¥7.0B and CN¥4.6B respectively.
Key information
130.6%
Debt to equity ratio
CN¥3.11b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.08b |
Equity | CN¥2.38b |
Total liabilities | CN¥4.62b |
Total assets | CN¥7.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603818's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603818's short term assets (CN¥2.3B) do not cover its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 603818's net debt to equity ratio (85%) is considered high.
Reducing Debt: 603818's debt to equity ratio has reduced from 200.2% to 130.6% over the past 5 years.
Debt Coverage: 603818's debt is well covered by operating cash flow (24.2%).
Interest Coverage: Insufficient data to determine if 603818's interest payments on its debt are well covered by EBIT.