Comefly Outdoor Balance Sheet Health
Financial Health criteria checks 5/6
Comefly Outdoor has a total shareholder equity of CN¥600.3M and total debt of CN¥291.1M, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥1.3B and CN¥708.3M respectively. Comefly Outdoor's EBIT is CN¥145.4M making its interest coverage ratio 14.5. It has cash and short-term investments of CN¥240.2M.
Key information
48.5%
Debt to equity ratio
CN¥291.06m
Debt
Interest coverage ratio | 14.5x |
Cash | CN¥240.16m |
Equity | CN¥600.34m |
Total liabilities | CN¥708.31m |
Total assets | CN¥1.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603908's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥683.8M).
Long Term Liabilities: 603908's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥24.5M).
Debt to Equity History and Analysis
Debt Level: 603908's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 603908's debt to equity ratio has increased from 0% to 48.5% over the past 5 years.
Debt Coverage: 603908's debt is well covered by operating cash flow (79.1%).
Interest Coverage: 603908's interest payments on its debt are well covered by EBIT (14.5x coverage).