Changbai Mountain Tourism Balance Sheet Health
Financial Health criteria checks 6/6
Changbai Mountain Tourism has a total shareholder equity of CN¥1.1B and total debt of CN¥75.7M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CN¥1.2B and CN¥160.9M respectively. Changbai Mountain Tourism's EBIT is CN¥205.2M making its interest coverage ratio 120.8. It has cash and short-term investments of CN¥192.2M.
Key information
7.2%
Debt to equity ratio
CN¥75.68m
Debt
Interest coverage ratio | 120.8x |
Cash | CN¥192.20m |
Equity | CN¥1.05b |
Total liabilities | CN¥160.93m |
Total assets | CN¥1.21b |
Financial Position Analysis
Short Term Liabilities: 603099's short term assets (CN¥320.0M) exceed its short term liabilities (CN¥98.6M).
Long Term Liabilities: 603099's short term assets (CN¥320.0M) exceed its long term liabilities (CN¥62.3M).
Debt to Equity History and Analysis
Debt Level: 603099 has more cash than its total debt.
Reducing Debt: 603099's debt to equity ratio has reduced from 10.3% to 7.2% over the past 5 years.
Debt Coverage: 603099's debt is well covered by operating cash flow (309.4%).
Interest Coverage: 603099's interest payments on its debt are well covered by EBIT (120.8x coverage).