Bright Real Estate GroupLimited Balance Sheet Health
Financial Health criteria checks 2/6
Bright Real Estate GroupLimited has a total shareholder equity of CN¥11.0B and total debt of CN¥34.9B, which brings its debt-to-equity ratio to 316.7%. Its total assets and total liabilities are CN¥63.2B and CN¥52.2B respectively.
Key information
316.7%
Debt to equity ratio
CN¥34.94b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥5.34b |
| Equity | CN¥11.03b |
| Total liabilities | CN¥52.21b |
| Total assets | CN¥63.24b |
Recent financial health updates
Recent updates
Bright Real Estate Group Co.,Limited's (SHSE:600708) Share Price Boosted 59% But Its Business Prospects Need A Lift Too
Nov 21
Does Bright Real Estate GroupLimited (SHSE:600708) Have A Healthy Balance Sheet?
Oct 28Bright Real Estate Group Co.,Limited's (SHSE:600708) Price Is Right But Growth Is Lacking After Shares Rocket 40%
Sep 30Bright Real Estate Group Co.,Limited (SHSE:600708) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
May 21Bright Real Estate GroupLimited's (SHSE:600708) Shareholders May Want To Dig Deeper Than Statutory Profit
May 06The Market Doesn't Like What It Sees From Bright Real Estate Group Co.,Limited's (SHSE:600708) Revenues Yet As Shares Tumble 30%
Feb 28Financial Position Analysis
Short Term Liabilities: 600708's short term assets (CN¥58.5B) exceed its short term liabilities (CN¥20.6B).
Long Term Liabilities: 600708's short term assets (CN¥58.5B) exceed its long term liabilities (CN¥31.6B).
Debt to Equity History and Analysis
Debt Level: 600708's net debt to equity ratio (268.3%) is considered high.
Reducing Debt: 600708's debt to equity ratio has increased from 293.6% to 316.7% over the past 5 years.
Debt Coverage: 600708's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600708's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 05:24 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bright Real Estate Group Co.,Limited is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhong Ren | China International Capital Corporation Limited |
| Zhuo Chen | China Merchants Securities Co. Ltd. |
| Haowu Chen | Everbright Securities Co. Ltd. |