Changbai Mountain Tourism Balance Sheet Health
Financial Health criteria checks 6/6
Changbai Mountain Tourism has a total shareholder equity of CN¥1.2B and total debt of CN¥68.6M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥1.4B and CN¥213.5M respectively. Changbai Mountain Tourism's EBIT is CN¥191.8M making its interest coverage ratio -305.2. It has cash and short-term investments of CN¥294.5M.
Key information
5.9%
Debt to equity ratio
CN¥68.56m
Debt
| Interest coverage ratio | -305.2x |
| Cash | CN¥294.55m |
| Equity | CN¥1.17b |
| Total liabilities | CN¥213.45m |
| Total assets | CN¥1.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603099's short term assets (CN¥427.4M) exceed its short term liabilities (CN¥157.9M).
Long Term Liabilities: 603099's short term assets (CN¥427.4M) exceed its long term liabilities (CN¥55.5M).
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 10.7% to 5.9% over the past 5 years.
Debt Coverage: 603099's debt is well covered by operating cash flow (321.9%).
Interest Coverage: 603099 earns more interest than it pays, so coverage of interest payments is not a concern.