China Enterprise Balance Sheet Health
Financial Health criteria checks 3/6
China Enterprise has a total shareholder equity of CN¥17.0B and total debt of CN¥24.2B, which brings its debt-to-equity ratio to 142.5%. Its total assets and total liabilities are CN¥59.2B and CN¥42.2B respectively. China Enterprise's EBIT is CN¥2.0B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥17.3B.
Key information
142.5%
Debt to equity ratio
CN¥24.18b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥17.34b |
| Equity | CN¥16.97b |
| Total liabilities | CN¥42.22b |
| Total assets | CN¥59.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600675's short term assets (CN¥46.1B) exceed its short term liabilities (CN¥26.0B).
Long Term Liabilities: 600675's short term assets (CN¥46.1B) exceed its long term liabilities (CN¥16.2B).
Debt to Equity History and Analysis
Debt Level: 600675's net debt to equity ratio (40.3%) is considered high.
Reducing Debt: 600675's debt to equity ratio has increased from 76.7% to 142.5% over the past 5 years.
Debt Coverage: 600675's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600675's interest payments on its debt are well covered by EBIT (4.1x coverage).