Piotech Balance Sheet Health
Financial Health criteria checks 4/6
Piotech has a total shareholder equity of CN¥4.6B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 55.9%. Its total assets and total liabilities are CN¥10.9B and CN¥6.3B respectively. Piotech's EBIT is CN¥196.2M making its interest coverage ratio -8.5. It has cash and short-term investments of CN¥2.4B.
Key information
55.9%
Debt to equity ratio
CN¥2.58b
Debt
Interest coverage ratio | -8.5x |
Cash | CN¥2.42b |
Equity | CN¥4.62b |
Total liabilities | CN¥6.31b |
Total assets | CN¥10.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688072's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 688072's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 688072's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 688072's debt to equity ratio has increased from 3.1% to 55.9% over the past 5 years.
Debt Coverage: 688072's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688072 earns more interest than it pays, so coverage of interest payments is not a concern.