Kingnet Network Balance Sheet Health
Financial Health criteria checks 6/6
Kingnet Network has a total shareholder equity of CN¥5.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥6.3B and CN¥1.3B respectively. Kingnet Network's EBIT is CN¥1.4B making its interest coverage ratio -23.7. It has cash and short-term investments of CN¥2.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -23.7x |
| Cash | CN¥2.61b |
| Equity | CN¥5.02b |
| Total liabilities | CN¥1.30b |
| Total assets | CN¥6.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002517's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002517's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥22.6M).
Debt to Equity History and Analysis
Debt Level: 002517 is debt free.
Reducing Debt: 002517 has no debt compared to 5 years ago when its debt to equity ratio was 5.1%.
Debt Coverage: 002517 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002517 has no debt, therefore coverage of interest payments is not a concern.