Cre8 Direct (NingBo) Balance Sheet Health
Financial Health criteria checks 5/6
Cre8 Direct (NingBo) has a total shareholder equity of CN¥864.7M and total debt of CN¥336.9M, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CN¥1.5B and CN¥601.8M respectively. Cre8 Direct (NingBo)'s EBIT is CN¥85.7M making its interest coverage ratio -25.6. It has cash and short-term investments of CN¥339.0M.
Key information
39.0%
Debt to equity ratio
CN¥336.86m
Debt
| Interest coverage ratio | -25.6x |
| Cash | CN¥339.03m |
| Equity | CN¥864.68m |
| Total liabilities | CN¥601.81m |
| Total assets | CN¥1.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300703's short term assets (CN¥821.4M) exceed its short term liabilities (CN¥338.9M).
Long Term Liabilities: 300703's short term assets (CN¥821.4M) exceed its long term liabilities (CN¥262.9M).
Debt to Equity History and Analysis
Debt Level: 300703 has more cash than its total debt.
Reducing Debt: 300703's debt to equity ratio has increased from 24% to 39% over the past 5 years.
Debt Coverage: 300703's debt is well covered by operating cash flow (47.7%).
Interest Coverage: 300703 earns more interest than it pays, so coverage of interest payments is not a concern.