Befar GroupLtd Balance Sheet Health
Financial Health criteria checks 1/6
Befar GroupLtd has a total shareholder equity of CN¥11.4B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 79.1%. Its total assets and total liabilities are CN¥22.1B and CN¥10.8B respectively. Befar GroupLtd's EBIT is CN¥479.6M making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥2.5B.
Key information
79.1%
Debt to equity ratio
CN¥9.01b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CN¥2.46b |
| Equity | CN¥11.39b |
| Total liabilities | CN¥10.76b |
| Total assets | CN¥22.15b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 601678's short term assets (CN¥4.6B) do not cover its short term liabilities (CN¥5.4B).
Long Term Liabilities: 601678's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 601678's net debt to equity ratio (57.5%) is considered high.
Reducing Debt: 601678's debt to equity ratio has increased from 51.3% to 79.1% over the past 5 years.
Debt Coverage: 601678's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: 601678's interest payments on its debt are well covered by EBIT (4.5x coverage).