Qingdao Citymedia Co Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Citymedia Co has a total shareholder equity of CN¥3.2B and total debt of CN¥10.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥4.4B and CN¥1.2B respectively. Qingdao Citymedia Co's EBIT is CN¥180.2M making its interest coverage ratio -16. It has cash and short-term investments of CN¥1.2B.
Key information
0.3%
Debt to equity ratio
CN¥10.71m
Debt
| Interest coverage ratio | -16x |
| Cash | CN¥1.18b |
| Equity | CN¥3.24b |
| Total liabilities | CN¥1.18b |
| Total assets | CN¥4.42b |
Recent financial health updates
No updates
Recent updates
Qingdao Citymedia Co,. Ltd.'s (SHSE:600229) Shares Lagging The Market But So Is The Business
Sep 28
Qingdao Citymedia Co's (SHSE:600229) Solid Earnings May Rest On Weak Foundations
Sep 04Is Now The Time To Put Qingdao Citymedia Co (SHSE:600229) On Your Watchlist?
May 28Some Investors May Be Worried About Qingdao Citymedia Co's (SHSE:600229) Returns On Capital
Mar 02Financial Position Analysis
Short Term Liabilities: 600229's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600229's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥28.6M).
Debt to Equity History and Analysis
Debt Level: 600229 has more cash than its total debt.
Reducing Debt: 600229's debt to equity ratio has reduced from 10.6% to 0.3% over the past 5 years.
Debt Coverage: 600229's debt is well covered by operating cash flow (3166.4%).
Interest Coverage: 600229 earns more interest than it pays, so coverage of interest payments is not a concern.