Ourpalm Balance Sheet Health
Financial Health criteria checks 6/6
Ourpalm has a total shareholder equity of CN¥4.8B and total debt of CN¥6.9M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥5.3B and CN¥510.2M respectively. Ourpalm's EBIT is CN¥25.8M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥2.6B.
Key information
0.1%
Debt to equity ratio
CN¥6.89m
Debt
Interest coverage ratio | -0.3x |
Cash | CN¥2.63b |
Equity | CN¥4.82b |
Total liabilities | CN¥510.24m |
Total assets | CN¥5.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300315's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥464.2M).
Long Term Liabilities: 300315's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥46.1M).
Debt to Equity History and Analysis
Debt Level: 300315 has more cash than its total debt.
Reducing Debt: 300315's debt to equity ratio has reduced from 0.4% to 0.1% over the past 5 years.
Debt Coverage: 300315's debt is well covered by operating cash flow (311.8%).
Interest Coverage: 300315 earns more interest than it pays, so coverage of interest payments is not a concern.