Cinda Real Estate Balance Sheet Health
Financial Health criteria checks 3/6
Cinda Real Estate has a total shareholder equity of CN¥25.0B and total debt of CN¥33.4B, which brings its debt-to-equity ratio to 133.5%. Its total assets and total liabilities are CN¥79.7B and CN¥54.6B respectively. Cinda Real Estate's EBIT is CN¥1.4B making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥11.7B.
Key information
133.5%
Debt to equity ratio
CN¥33.44b
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥11.73b |
Equity | CN¥25.05b |
Total liabilities | CN¥54.61b |
Total assets | CN¥79.65b |
Financial Position Analysis
Short Term Liabilities: 600657's short term assets (CN¥52.9B) exceed its short term liabilities (CN¥21.0B).
Long Term Liabilities: 600657's short term assets (CN¥52.9B) exceed its long term liabilities (CN¥33.6B).
Debt to Equity History and Analysis
Debt Level: 600657's net debt to equity ratio (86.7%) is considered high.
Reducing Debt: 600657's debt to equity ratio has reduced from 183.5% to 133.5% over the past 5 years.
Debt Coverage: 600657's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600657's interest payments on its debt are not well covered by EBIT (2.3x coverage).