Elite Color Environmental Resources Science & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Elite Color Environmental Resources Science & Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥530.6M, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥2.5B and CN¥757.0M respectively. Elite Color Environmental Resources Science & Technology's EBIT is CN¥183.1M making its interest coverage ratio 12.9. It has cash and short-term investments of CN¥481.8M.
Key information
30.5%
Debt to equity ratio
CN¥530.64m
Debt
Interest coverage ratio | 12.9x |
Cash | CN¥481.79m |
Equity | CN¥1.74b |
Total liabilities | CN¥757.05m |
Total assets | CN¥2.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002998's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥207.5M).
Long Term Liabilities: 002998's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥549.5M).
Debt to Equity History and Analysis
Debt Level: 002998's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 002998's debt to equity ratio has reduced from 42.2% to 30.5% over the past 5 years.
Debt Coverage: 002998's debt is well covered by operating cash flow (21%).
Interest Coverage: 002998's interest payments on its debt are well covered by EBIT (12.9x coverage).