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¥172.1M, which brings its debt-to-equity ratio to 8.6%. Its total assets and total liabilities are CN¥2.7B and CN¥657.1M respectively. Toread Holdings Group's EBIT is CN¥148.0M making its interest coverage ratio -13. It has cash and short-term investments of CN¥1.1B.
Key information
8.6%
Debt to equity ratio
CN¥172.12m
Debt
Interest coverage ratio | -13x |
Cash | CN¥1.14b |
Equity | CN¥2.01b |
Total liabilities | CN¥657.10m |
Total assets | CN¥2.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300005's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥473.8M).
Long Term Liabilities: 300005's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥183.3M).
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 0.3% to 8.6% over the past 5 years.
Debt Coverage: 300005's debt is well covered by operating cash flow (190.5%).
Interest Coverage: 300005 earns more interest than it pays, so coverage of interest payments is not a concern.