China Television Media Balance Sheet Health
Financial Health criteria checks 4/6
China Television Media has a total shareholder equity of CN¥1.3B and total debt of CN¥13.2M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥1.6B and CN¥341.5M respectively. China Television Media's EBIT is CN¥37.8M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥477.4M.
Key information
1.0%
Debt to equity ratio
CN¥13.21m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥477.39m |
Equity | CN¥1.30b |
Total liabilities | CN¥341.47m |
Total assets | CN¥1.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600088's short term assets (CN¥730.8M) exceed its short term liabilities (CN¥243.5M).
Long Term Liabilities: 600088's short term assets (CN¥730.8M) exceed its long term liabilities (CN¥97.9M).
Debt to Equity History and Analysis
Debt Level: 600088 has more cash than its total debt.
Reducing Debt: 600088's debt to equity ratio has increased from 0% to 1% over the past 5 years.
Debt Coverage: 600088's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600088 earns more interest than it pays, so coverage of interest payments is not a concern.