Shuhua Sports Balance Sheet Health
Financial Health criteria checks 6/6
Shuhua Sports has a total shareholder equity of CN¥1.3B and total debt of CN¥170.4M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥1.8B and CN¥543.4M respectively. Shuhua Sports's EBIT is CN¥132.1M making its interest coverage ratio -71.1. It has cash and short-term investments of CN¥517.6M.
Key information
13.0%
Debt to equity ratio
CN¥170.40m
Debt
| Interest coverage ratio | -71.1x |
| Cash | CN¥517.56m |
| Equity | CN¥1.31b |
| Total liabilities | CN¥543.37m |
| Total assets | CN¥1.85b |
Financial Position Analysis
Short Term Liabilities: 605299's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥460.9M).
Long Term Liabilities: 605299's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥82.5M).
Debt to Equity History and Analysis
Debt Level: 605299 has more cash than its total debt.
Reducing Debt: 605299's debt to equity ratio has reduced from 38.7% to 13% over the past 5 years.
Debt Coverage: 605299's debt is well covered by operating cash flow (113.4%).
Interest Coverage: 605299 earns more interest than it pays, so coverage of interest payments is not a concern.