Qingdao Citymedia Co Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Citymedia Co has a total shareholder equity of CN¥3.1B and total debt of CN¥7.1M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥4.2B and CN¥1.1B respectively. Qingdao Citymedia Co's EBIT is CN¥262.2M making its interest coverage ratio -22.3. It has cash and short-term investments of CN¥1.0B.
Key information
0.2%
Debt to equity ratio
CN¥7.06m
Debt
Interest coverage ratio | -22.3x |
Cash | CN¥1.04b |
Equity | CN¥3.13b |
Total liabilities | CN¥1.07b |
Total assets | CN¥4.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600229's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 600229's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥29.4M).
Debt to Equity History and Analysis
Debt Level: 600229 has more cash than its total debt.
Reducing Debt: 600229's debt to equity ratio has increased from 0% to 0.2% over the past 5 years.
Debt Coverage: 600229's debt is well covered by operating cash flow (4033%).
Interest Coverage: 600229 earns more interest than it pays, so coverage of interest payments is not a concern.