Nanjing Gaoke Balance Sheet Health
Financial Health criteria checks 5/6
Nanjing Gaoke has a total shareholder equity of CN¥18.6B and total debt of CN¥7.9B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CN¥37.3B and CN¥18.7B respectively. Nanjing Gaoke's EBIT is CN¥393.0M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥3.4B.
Key information
42.5%
Debt to equity ratio
CN¥7.89b
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥3.35b |
Equity | CN¥18.55b |
Total liabilities | CN¥18.73b |
Total assets | CN¥37.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600064's short term assets (CN¥17.7B) exceed its short term liabilities (CN¥15.3B).
Long Term Liabilities: 600064's short term assets (CN¥17.7B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600064's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: 600064's debt to equity ratio has reduced from 49% to 42.5% over the past 5 years.
Debt Coverage: 600064's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600064 earns more interest than it pays, so coverage of interest payments is not a concern.