Funshine Culture GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Funshine Culture GroupLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥13.2M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥3.7B and CN¥505.4M respectively. Funshine Culture GroupLtd's EBIT is CN¥142.9M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥2.9B.
Key information
0.4%
Debt to equity ratio
CN¥13.21m
Debt
Interest coverage ratio | -2.4x |
Cash | CN¥2.86b |
Equity | CN¥3.21b |
Total liabilities | CN¥505.39m |
Total assets | CN¥3.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300860's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥461.8M).
Long Term Liabilities: 300860's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥43.6M).
Debt to Equity History and Analysis
Debt Level: 300860 has more cash than its total debt.
Reducing Debt: 300860's debt to equity ratio has increased from 0.2% to 0.4% over the past 5 years.
Debt Coverage: 300860's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300860 earns more interest than it pays, so coverage of interest payments is not a concern.