Toread Holdings Group Balance Sheet Health
Financial Health criteria checks 5/6
Toread Holdings Group has a total shareholder equity of CN¥2.0B and total debt of CN¥159.9M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥2.7B and CN¥684.2M respectively. Toread Holdings Group's EBIT is CN¥77.5M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥909.6M.
Key information
7.9%
Debt to equity ratio
CN¥159.90m
Debt
| Interest coverage ratio | -3.9x |
| Cash | CN¥909.65m |
| Equity | CN¥2.01b |
| Total liabilities | CN¥684.23m |
| Total assets | CN¥2.70b |
Recent financial health updates
Recent updates
Toread Holdings Group's (SZSE:300005) Solid Profits Have Weak Fundamentals
Nov 05
Toread Holdings Group Co., Ltd.'s (SZSE:300005) 54% Price Boost Is Out Of Tune With Earnings
Oct 08Is Toread Holdings Group (SZSE:300005) Using Too Much Debt?
Sep 19Toread Holdings Group Co., Ltd.'s (SZSE:300005) 31% Price Boost Is Out Of Tune With Earnings
Aug 22Is There Now An Opportunity In Toread Holdings Group Co., Ltd. (SZSE:300005)?
Jun 07Toread Holdings Group Co., Ltd.'s (SZSE:300005) 30% Share Price Surge Not Quite Adding Up
May 21Solid Earnings Reflect Toread Holdings Group's (SZSE:300005) Strength As A Business
May 02Returns On Capital Are Showing Encouraging Signs At Toread Holdings Group (SZSE:300005)
Apr 16Toread Holdings Group Co., Ltd.'s (SZSE:300005) 30% Price Boost Is Out Of Tune With Earnings
Mar 06Financial Position Analysis
Short Term Liabilities: 300005's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥519.3M).
Long Term Liabilities: 300005's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥164.9M).
Debt to Equity History and Analysis
Debt Level: 300005 has more cash than its total debt.
Reducing Debt: 300005's debt to equity ratio has increased from 0% to 7.9% over the past 5 years.
Debt Coverage: 300005's debt is well covered by operating cash flow (138.4%).
Interest Coverage: 300005 earns more interest than it pays, so coverage of interest payments is not a concern.