Kingclean ElectricLtd Balance Sheet Health
Financial Health criteria checks 5/6
Kingclean ElectricLtd has a total shareholder equity of CN¥5.4B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 93.8%. Its total assets and total liabilities are CN¥13.3B and CN¥7.9B respectively. Kingclean ElectricLtd's EBIT is CN¥994.4M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥5.9B.
Key information
93.8%
Debt to equity ratio
CN¥5.11b
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥5.94b |
| Equity | CN¥5.45b |
| Total liabilities | CN¥7.87b |
| Total assets | CN¥13.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603355's short term assets (CN¥10.3B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 603355's short term assets (CN¥10.3B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 603355 has more cash than its total debt.
Reducing Debt: 603355's debt to equity ratio has increased from 0% to 93.8% over the past 5 years.
Debt Coverage: 603355's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 603355 earns more interest than it pays, so coverage of interest payments is not a concern.