Vantone Neo Development Group Balance Sheet Health
Financial Health criteria checks 4/6
Vantone Neo Development Group has a total shareholder equity of CN¥6.0B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥8.8B and CN¥2.8B respectively.
Key information
30.5%
Debt to equity ratio
CN¥1.83b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.45b |
Equity | CN¥6.00b |
Total liabilities | CN¥2.83b |
Total assets | CN¥8.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600246's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 600246's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 600246's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: 600246's debt to equity ratio has reduced from 33% to 30.5% over the past 5 years.
Debt Coverage: 600246's debt is not well covered by operating cash flow (5%).
Interest Coverage: Insufficient data to determine if 600246's interest payments on its debt are well covered by EBIT.