New Guomai Digital Culture Balance Sheet Health
Financial Health criteria checks 4/6
New Guomai Digital Culture has a total shareholder equity of CN¥4.5B and total debt of CN¥6.6M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥5.3B and CN¥888.1M respectively.
Key information
0.1%
Debt to equity ratio
CN¥6.64m
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.75b |
Equity | CN¥4.45b |
Total liabilities | CN¥888.08m |
Total assets | CN¥5.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600640's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥864.0M).
Long Term Liabilities: 600640's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥24.1M).
Debt to Equity History and Analysis
Debt Level: 600640 has more cash than its total debt.
Reducing Debt: 600640's debt to equity ratio has increased from 0% to 0.1% over the past 5 years.
Debt Coverage: 600640's debt is well covered by operating cash flow (5563.3%).
Interest Coverage: Insufficient data to determine if 600640's interest payments on its debt are well covered by EBIT.