Xiamen Comfort Science&Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Xiamen Comfort Science&Technology Group has a total shareholder equity of CN¥4.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 28%. Its total assets and total liabilities are CN¥7.4B and CN¥2.9B respectively. Xiamen Comfort Science&Technology Group's EBIT is CN¥123.0M making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥2.1B.
Key information
28.0%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | -5.5x |
| Cash | CN¥2.14b |
| Equity | CN¥4.42b |
| Total liabilities | CN¥2.95b |
| Total assets | CN¥7.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002614's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 002614's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥648.2M).
Debt to Equity History and Analysis
Debt Level: 002614 has more cash than its total debt.
Reducing Debt: 002614's debt to equity ratio has increased from 17.4% to 28% over the past 5 years.
Debt Coverage: 002614's debt is well covered by operating cash flow (38.4%).
Interest Coverage: 002614 earns more interest than it pays, so coverage of interest payments is not a concern.