Vantone Neo Development Group Balance Sheet Health
Financial Health criteria checks 4/6
Vantone Neo Development Group has a total shareholder equity of CN¥5.9B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are CN¥8.4B and CN¥2.5B respectively.
Key information
30.8%
Debt to equity ratio
CN¥1.81b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.10b |
| Equity | CN¥5.87b |
| Total liabilities | CN¥2.55b |
| Total assets | CN¥8.41b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600246's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥763.5M).
Long Term Liabilities: 600246's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 600246's net debt to equity ratio (12%) is considered satisfactory.
Reducing Debt: 600246's debt to equity ratio has reduced from 32.7% to 30.8% over the past 5 years.
Debt Coverage: 600246's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600246's interest payments on its debt are well covered by EBIT.