Kunwu Jiuding Investment Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Kunwu Jiuding Investment Holdings has a total shareholder equity of CN¥2.9B and total debt of CN¥79.9M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥3.4B and CN¥489.5M respectively. Kunwu Jiuding Investment Holdings's EBIT is CN¥76.2M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥301.7M.
Key information
2.7%
Debt to equity ratio
CN¥79.88m
Debt
| Interest coverage ratio | -2.4x |
| Cash | CN¥301.66m |
| Equity | CN¥2.91b |
| Total liabilities | CN¥489.46m |
| Total assets | CN¥3.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600053's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥394.9M).
Long Term Liabilities: 600053's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥94.5M).
Debt to Equity History and Analysis
Debt Level: 600053 has more cash than its total debt.
Reducing Debt: 600053's debt to equity ratio has reduced from 29.7% to 2.7% over the past 5 years.
Debt Coverage: 600053's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600053 earns more interest than it pays, so coverage of interest payments is not a concern.