Nanfang Black Sesame GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Nanfang Black Sesame GroupLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are CN¥4.4B and CN¥1.7B respectively. Nanfang Black Sesame GroupLtd's EBIT is CN¥159.7M making its interest coverage ratio 3. It has cash and short-term investments of CN¥85.7M.
Key information
45.4%
Debt to equity ratio
CN¥1.21b
Debt
Interest coverage ratio | 3x |
Cash | CN¥85.70m |
Equity | CN¥2.65b |
Total liabilities | CN¥1.74b |
Total assets | CN¥4.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000716's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 000716's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥326.9M).
Debt to Equity History and Analysis
Debt Level: 000716's net debt to equity ratio (42.2%) is considered high.
Reducing Debt: 000716's debt to equity ratio has reduced from 56.3% to 45.4% over the past 5 years.
Debt Coverage: 000716's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 000716's interest payments on its debt are not well covered by EBIT (3x coverage).