China Television Media Balance Sheet Health
Financial Health criteria checks 5/6
China Television Media has a total shareholder equity of CN¥1.3B and total debt of CN¥14.1M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥1.7B and CN¥404.9M respectively. China Television Media's EBIT is CN¥45.1M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥620.4M.
Key information
1.1%
Debt to equity ratio
CN¥14.06m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥620.43m |
Equity | CN¥1.29b |
Total liabilities | CN¥404.93m |
Total assets | CN¥1.70b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600088's short term assets (CN¥783.4M) exceed its short term liabilities (CN¥304.9M).
Long Term Liabilities: 600088's short term assets (CN¥783.4M) exceed its long term liabilities (CN¥100.0M).
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 1.1% over the past 5 years.
Debt Coverage: 600088's debt is well covered by operating cash flow (221.5%).
Interest Coverage: 600088 earns more interest than it pays, so coverage of interest payments is not a concern.