Offcn Education Technology Balance Sheet Health
Financial Health criteria checks 2/6
Offcn Education Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 236.7%. Its total assets and total liabilities are CN¥8.4B and CN¥7.4B respectively. Offcn Education Technology's EBIT is CN¥79.9M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥1.2B.
Key information
236.7%
Debt to equity ratio
CN¥2.42b
Debt
Interest coverage ratio | 6.6x |
Cash | CN¥1.18b |
Equity | CN¥1.02b |
Total liabilities | CN¥7.35b |
Total assets | CN¥8.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002607's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥6.7B).
Long Term Liabilities: 002607's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥648.1M).
Debt to Equity History and Analysis
Debt Level: 002607's net debt to equity ratio (121.1%) is considered high.
Reducing Debt: 002607's debt to equity ratio has increased from 49.9% to 236.7% over the past 5 years.
Debt Coverage: 002607's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002607's interest payments on its debt are well covered by EBIT (6.6x coverage).