Offcn Education Technology Balance Sheet Health
Financial Health criteria checks 0/6
Offcn Education Technology has a total shareholder equity of CN¥735.3M and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 287.7%. Its total assets and total liabilities are CN¥6.5B and CN¥5.8B respectively. Offcn Education Technology's EBIT is CN¥138.3M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥220.6M.
Key information
287.7%
Debt to equity ratio
CN¥2.12b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥220.61m |
| Equity | CN¥735.25m |
| Total liabilities | CN¥5.79b |
| Total assets | CN¥6.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002607's short term assets (CN¥340.5M) do not cover its short term liabilities (CN¥4.5B).
Long Term Liabilities: 002607's short term assets (CN¥340.5M) 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 (257.7%) is considered high.
Reducing Debt: 002607's debt to equity ratio has increased from 82.7% to 287.7% over the past 5 years.
Debt Coverage: 002607's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 002607's interest payments on its debt are not well covered by EBIT (1.2x coverage).