Time Publishing and Media Balance Sheet Health
Financial Health criteria checks 5/6
Time Publishing and Media has a total shareholder equity of CN¥5.8B and total debt of CN¥384.2M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥9.0B and CN¥3.2B respectively. Time Publishing and Media's EBIT is CN¥315.8M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥3.2B.
Key information
6.6%
Debt to equity ratio
CN¥384.20m
Debt
Interest coverage ratio | -4.8x |
Cash | CN¥3.24b |
Equity | CN¥5.81b |
Total liabilities | CN¥3.23b |
Total assets | CN¥9.04b |
Financial Position Analysis
Short Term Liabilities: 600551's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 600551's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥91.7M).
Debt to Equity History and Analysis
Debt Level: 600551 has more cash than its total debt.
Reducing Debt: 600551's debt to equity ratio has increased from 5.3% to 6.6% over the past 5 years.
Debt Coverage: 600551's debt is well covered by operating cash flow (198.8%).
Interest Coverage: 600551 earns more interest than it pays, so coverage of interest payments is not a concern.