Offcn Education Technology Balance Sheet Health
Financial Health criteria checks 1/6
Offcn Education Technology has a total shareholder equity of CN¥649.9M and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 293.1%. Its total assets and total liabilities are CN¥7.3B and CN¥6.6B respectively. Offcn Education Technology's EBIT is CN¥266.4M making its interest coverage ratio -190.4. It has cash and short-term investments of CN¥623.7M.
Key information
293.1%
Debt to equity ratio
CN¥1.90b
Debt
| Interest coverage ratio | -190.4x |
| Cash | CN¥623.73m |
| Equity | CN¥649.89m |
| Total liabilities | CN¥6.64b |
| Total assets | CN¥7.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002607's short term assets (CN¥745.8M) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: 002607's short term assets (CN¥745.8M) do not cover its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002607's net debt to equity ratio (197.1%) is considered high.
Reducing Debt: 002607's debt to equity ratio has increased from 64% to 293.1% over the past 5 years.
Debt Coverage: 002607's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002607 earns more interest than it pays, so coverage of interest payments is not a concern.