China Television Media Balance Sheet Health
Financial Health criteria checks 5/6
China Television Media has a total shareholder equity of CN¥1.4B and total debt of CN¥45.0M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CN¥1.8B and CN¥393.2M respectively. China Television Media's EBIT is CN¥5.6M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥449.6M.
Key information
3.2%
Debt to equity ratio
CN¥45.00m
Debt
| Interest coverage ratio | -0.2x |
| Cash | CN¥449.61m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥393.18m |
| Total assets | CN¥1.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600088's short term assets (CN¥799.5M) exceed its short term liabilities (CN¥301.4M).
Long Term Liabilities: 600088's short term assets (CN¥799.5M) exceed its long term liabilities (CN¥91.7M).
Debt to Equity History and Analysis
Debt Level: 600088 has more cash than its total debt.
Reducing Debt: 600088's debt to equity ratio has increased from 0% to 3.2% over the past 5 years.
Debt Coverage: 600088's debt is well covered by operating cash flow (39.6%).
Interest Coverage: 600088 earns more interest than it pays, so coverage of interest payments is not a concern.