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.