Elite Color Environmental Resources Science & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Elite Color Environmental Resources Science & Technology has a total shareholder equity of CN¥1.8B and total debt of CN¥549.7M, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are CN¥2.6B and CN¥822.2M respectively. Elite Color Environmental Resources Science & Technology's EBIT is CN¥148.3M making its interest coverage ratio 23.6. It has cash and short-term investments of CN¥347.1M.
Key information
30.8%
Debt to equity ratio
CN¥549.73m
Debt
| Interest coverage ratio | 23.6x |
| Cash | CN¥347.12m |
| Equity | CN¥1.78b |
| Total liabilities | CN¥822.17m |
| Total assets | CN¥2.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002998's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥234.1M).
Long Term Liabilities: 002998's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥588.1M).
Debt to Equity History and Analysis
Debt Level: 002998's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: 002998's debt to equity ratio has reduced from 38.4% to 30.8% over the past 5 years.
Debt Coverage: 002998's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002998's interest payments on its debt are well covered by EBIT (23.6x coverage).