New DaZheng Property Group Balance Sheet Health
Financial Health criteria checks 6/6
New DaZheng Property Group has a total shareholder equity of CN¥1.2B and total debt of CN¥44.5M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥1.9B and CN¥724.6M respectively. New DaZheng Property Group's EBIT is CN¥186.0M making its interest coverage ratio -177.8. It has cash and short-term investments of CN¥343.8M.
Key information
3.7%
Debt to equity ratio
CN¥44.54m
Debt
Interest coverage ratio | -177.8x |
Cash | CN¥343.75m |
Equity | CN¥1.19b |
Total liabilities | CN¥724.59m |
Total assets | CN¥1.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002968's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥671.0M).
Long Term Liabilities: 002968's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥53.6M).
Debt to Equity History and Analysis
Debt Level: 002968 has more cash than its total debt.
Reducing Debt: 002968's debt to equity ratio has reduced from 10.9% to 3.7% over the past 5 years.
Debt Coverage: 002968's debt is well covered by operating cash flow (320.1%).
Interest Coverage: 002968 earns more interest than it pays, so coverage of interest payments is not a concern.