Kingclean ElectricLtd Balance Sheet Health
Financial Health criteria checks 4/6
Kingclean ElectricLtd has a total shareholder equity of CN¥4.6B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 132.7%. Its total assets and total liabilities are CN¥13.7B and CN¥9.1B respectively. Kingclean ElectricLtd's EBIT is CN¥890.8M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥6.8B.
Key information
132.7%
Debt to equity ratio
CN¥6.17b
Debt
Interest coverage ratio | -5.3x |
Cash | CN¥6.76b |
Equity | CN¥4.65b |
Total liabilities | CN¥9.08b |
Total assets | CN¥13.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603355's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 603355's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥1.6B).
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 4.2% to 132.7% over the past 5 years.
Debt Coverage: 603355's debt is not well covered by operating cash flow (15.6%).
Interest Coverage: 603355 earns more interest than it pays, so coverage of interest payments is not a concern.