Western Regions Tourism DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Western Regions Tourism DevelopmentLtd has a total shareholder equity of CN¥717.0M and total debt of CN¥1.7M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥764.7M and CN¥47.7M respectively. Western Regions Tourism DevelopmentLtd's EBIT is CN¥118.8M making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥287.3M.
Key information
0.2%
Debt to equity ratio
CN¥1.65m
Debt
Interest coverage ratio | -11.1x |
Cash | CN¥287.32m |
Equity | CN¥716.96m |
Total liabilities | CN¥47.70m |
Total assets | CN¥764.66m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300859's short term assets (CN¥300.7M) exceed its short term liabilities (CN¥28.0M).
Long Term Liabilities: 300859's short term assets (CN¥300.7M) exceed its long term liabilities (CN¥19.7M).
Debt to Equity History and Analysis
Debt Level: 300859 has more cash than its total debt.
Reducing Debt: 300859's debt to equity ratio has reduced from 18% to 0.2% over the past 5 years.
Debt Coverage: 300859's debt is well covered by operating cash flow (8748.5%).
Interest Coverage: 300859 earns more interest than it pays, so coverage of interest payments is not a concern.