Bright Real Estate GroupLimited Balance Sheet Health
Financial Health criteria checks 2/6
Bright Real Estate GroupLimited has a total shareholder equity of CN¥11.5B and total debt of CN¥34.6B, which brings its debt-to-equity ratio to 300.1%. Its total assets and total liabilities are CN¥63.4B and CN¥51.9B respectively. Bright Real Estate GroupLimited's EBIT is CN¥184.1M making its interest coverage ratio 0.9. It has cash and short-term investments of CN¥5.1B.
Key information
300.1%
Debt to equity ratio
CN¥34.56b
Debt
| Interest coverage ratio | 0.9x |
| Cash | CN¥5.11b |
| Equity | CN¥11.52b |
| Total liabilities | CN¥51.88b |
| Total assets | CN¥63.39b |
Recent financial health updates
No updates
Recent updates
Bright Real Estate Group Co.,Limited (SHSE:600708) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
May 21
Bright 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¥21.7B).
Long Term Liabilities: 600708's short term assets (CN¥58.5B) exceed its long term liabilities (CN¥30.2B).
Debt to Equity History and Analysis
Debt Level: 600708's net debt to equity ratio (255.7%) is considered high.
Reducing Debt: 600708's debt to equity ratio has increased from 278% to 300.1% over the past 5 years.
Debt Coverage: 600708's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600708's interest payments on its debt are not well covered by EBIT (0.9x coverage).