Zhejiang Daily Digital Culture GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Daily Digital Culture GroupLtd has a total shareholder equity of CN¥10.8B and total debt of CN¥426.9M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥12.9B and CN¥2.2B respectively. Zhejiang Daily Digital Culture GroupLtd's EBIT is CN¥744.7M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥2.2B.
Key information
4.0%
Debt to equity ratio
CN¥426.87m
Debt
Interest coverage ratio | -3.3x |
Cash | CN¥2.20b |
Equity | CN¥10.75b |
Total liabilities | CN¥2.16b |
Total assets | CN¥12.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600633's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600633's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥642.9M).
Debt to Equity History and Analysis
Debt Level: 600633 has more cash than its total debt.
Reducing Debt: 600633's debt to equity ratio has increased from 0.2% to 4% over the past 5 years.
Debt Coverage: 600633's debt is well covered by operating cash flow (196.8%).
Interest Coverage: 600633 earns more interest than it pays, so coverage of interest payments is not a concern.