New DaZheng Property Group Balance Sheet Health
Financial Health criteria checks 6/6
New DaZheng Property Group has a total shareholder equity of CN¥1.3B and total debt of CN¥49.8M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥2.1B and CN¥787.7M respectively. New DaZheng Property Group's EBIT is CN¥148.0M making its interest coverage ratio -34.2. It has cash and short-term investments of CN¥380.1M.
Key information
3.9%
Debt to equity ratio
CN¥49.81m
Debt
| Interest coverage ratio | -34.2x |
| Cash | CN¥380.09m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥787.66m |
| Total assets | CN¥2.06b |
Recent financial health updates
No updates
Recent updates
There's No Escaping New DaZheng Property Group Co., LTD's (SZSE:002968) Muted Earnings Despite A 25% Share Price Rise
Sep 26
New DaZheng Property Group's (SZSE:002968) Problems Go Beyond Weak Profit
Aug 23New DaZheng Property Group Co., LTD (SZSE:002968) Shares Fly 38% But Investors Aren't Buying For Growth
May 21New DaZheng Property Group Co., LTD (SZSE:002968) Stock Catapults 25% Though Its Price And Business Still Lag The Market
Mar 18Financial Position Analysis
Short Term Liabilities: 002968's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥725.6M).
Long Term Liabilities: 002968's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥62.0M).
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 11.1% to 3.9% over the past 5 years.
Debt Coverage: 002968's debt is well covered by operating cash flow (435.4%).
Interest Coverage: 002968 earns more interest than it pays, so coverage of interest payments is not a concern.