Zhejiang Talent Television and Film Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Talent Television and Film has a total shareholder equity of CN¥104.6M and total debt of CN¥425.0M, which brings its debt-to-equity ratio to 406.2%. Its total assets and total liabilities are CN¥2.0B and CN¥1.9B respectively. Zhejiang Talent Television and Film's EBIT is CN¥156.5M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥183.6M.
Key information
406.2%
Debt to equity ratio
CN¥425.01m
Debt
Interest coverage ratio | 2.5x |
Cash | CN¥183.63m |
Equity | CN¥104.63m |
Total liabilities | CN¥1.89b |
Total assets | CN¥2.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300426's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 300426's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥17.3M).
Debt to Equity History and Analysis
Debt Level: 300426's net debt to equity ratio (230.7%) is considered high.
Reducing Debt: 300426's debt to equity ratio has increased from 332.1% to 406.2% over the past 5 years.
Debt Coverage: 300426's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300426's interest payments on its debt are not well covered by EBIT (2.5x coverage).