Caina Technology Balance Sheet Health
Financial Health criteria checks 6/6
Caina Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥161.3K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are CN¥1.9B and CN¥122.5M respectively. Caina Technology's EBIT is CN¥105.0M making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥1.0B.
Key information
0.009%
Debt to equity ratio
CN¥161.27k
Debt
Interest coverage ratio | -5.5x |
Cash | CN¥1.04b |
Equity | CN¥1.81b |
Total liabilities | CN¥122.50m |
Total assets | CN¥1.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301122's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥111.0M).
Long Term Liabilities: 301122's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥11.5M).
Debt to Equity History and Analysis
Debt Level: 301122 has more cash than its total debt.
Reducing Debt: 301122's debt to equity ratio has reduced from 101.5% to 0.01% over the past 5 years.
Debt Coverage: 301122's debt is well covered by operating cash flow (53976.3%).
Interest Coverage: 301122 earns more interest than it pays, so coverage of interest payments is not a concern.