Sunny Loan TopLtd Balance Sheet Health
Financial Health criteria checks 4/6
Sunny Loan TopLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are CN¥4.5B and CN¥1.7B respectively. Sunny Loan TopLtd's EBIT is CN¥50.3M making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥856.5M.
Key information
54.4%
Debt to equity ratio
CN¥1.53b
Debt
Interest coverage ratio | -2.8x |
Cash | CN¥856.50m |
Equity | CN¥2.81b |
Total liabilities | CN¥1.72b |
Total assets | CN¥4.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600830's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥863.9M).
Long Term Liabilities: 600830's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥856.2M).
Debt to Equity History and Analysis
Debt Level: 600830's net debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: 600830's debt to equity ratio has increased from 13% to 54.4% over the past 5 years.
Debt Coverage: 600830's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600830 earns more interest than it pays, so coverage of interest payments is not a concern.