Qingdao Citymedia Co Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Citymedia Co has a total shareholder equity of CN¥3.4B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥4.5B and CN¥1.1B respectively. Qingdao Citymedia Co's EBIT is CN¥222.9M making its interest coverage ratio -17.8. It has cash and short-term investments of CN¥1.1B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -17.8x |
Cash | CN¥1.14b |
Equity | CN¥3.37b |
Total liabilities | CN¥1.13b |
Total assets | CN¥4.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600229's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 600229's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥28.5M).
Debt to Equity History and Analysis
Debt Level: 600229 is debt free.
Reducing Debt: 600229 has no debt compared to 5 years ago when its debt to equity ratio was 7.7%.
Debt Coverage: 600229 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 600229 has no debt, therefore coverage of interest payments is not a concern.