Era Balance Sheet Health
Financial Health criteria checks 6/6
Era has a total shareholder equity of CN¥5.5B and total debt of CN¥88.1M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥9.4B and CN¥3.8B respectively. Era's EBIT is CN¥308.9M making its interest coverage ratio -7.2. It has cash and short-term investments of CN¥2.7B.
Key information
1.6%
Debt to equity ratio
CN¥88.15m
Debt
Interest coverage ratio | -7.2x |
Cash | CN¥2.66b |
Equity | CN¥5.51b |
Total liabilities | CN¥3.85b |
Total assets | CN¥9.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002641's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 002641's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥293.8M).
Debt to Equity History and Analysis
Debt Level: 002641 has more cash than its total debt.
Reducing Debt: 002641's debt to equity ratio has reduced from 8.4% to 1.6% over the past 5 years.
Debt Coverage: 002641's debt is well covered by operating cash flow (1208.6%).
Interest Coverage: 002641 earns more interest than it pays, so coverage of interest payments is not a concern.