China Publishing & Media Holdings Balance Sheet Health
Financial Health criteria checks 6/6
China Publishing & Media Holdings has a total shareholder equity of CN¥10.3B and total debt of CN¥66.1M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥15.8B and CN¥5.5B respectively. China Publishing & Media Holdings's EBIT is CN¥463.4M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥5.4B.
Key information
0.6%
Debt to equity ratio
CN¥66.11m
Debt
| Interest coverage ratio | -2.5x |
| Cash | CN¥5.40b |
| Equity | CN¥10.34b |
| Total liabilities | CN¥5.47b |
| Total assets | CN¥15.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601949's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥4.3B).
Long Term Liabilities: 601949's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 601949 has more cash than its total debt.
Reducing Debt: 601949's debt to equity ratio has reduced from 6.8% to 0.6% over the past 5 years.
Debt Coverage: 601949's debt is well covered by operating cash flow (974.4%).
Interest Coverage: 601949 earns more interest than it pays, so coverage of interest payments is not a concern.