Era Balance Sheet Health
Financial Health criteria checks 6/6
Era has a total shareholder equity of CN¥5.6B and total debt of CN¥152.4M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥8.5B and CN¥2.9B respectively. Era's EBIT is CN¥216.0M making its interest coverage ratio -5.7. It has cash and short-term investments of CN¥1.3B.
Key information
2.7%
Debt to equity ratio
CN¥152.36m
Debt
| Interest coverage ratio | -5.7x |
| Cash | CN¥1.27b |
| Equity | CN¥5.58b |
| Total liabilities | CN¥2.88b |
| Total assets | CN¥8.46b |
Financial Position Analysis
Short Term Liabilities: 002641's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002641's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥209.0M).
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 7.1% to 2.7% over the past 5 years.
Debt Coverage: 002641's debt is well covered by operating cash flow (347.9%).
Interest Coverage: 002641 earns more interest than it pays, so coverage of interest payments is not a concern.