Neusoft Balance Sheet Health
Financial Health criteria checks 6/6
Neusoft has a total shareholder equity of CN¥9.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are CN¥19.2B and CN¥9.6B respectively. Neusoft's EBIT is CN¥318.4M making its interest coverage ratio 31.2. It has cash and short-term investments of CN¥2.4B.
Key information
11.1%
Debt to equity ratio
CN¥1.07b
Debt
| Interest coverage ratio | 31.2x |
| Cash | CN¥2.44b |
| Equity | CN¥9.65b |
| Total liabilities | CN¥9.59b |
| Total assets | CN¥19.23b |
Recent financial health updates
Does Neusoft (SHSE:600718) Have A Healthy Balance Sheet?
Sep 24
Here's Why Neusoft (SHSE:600718) Can Manage Its Debt Responsibly
May 24Recent updates
Shareholders Can Be Confident That Neusoft's (SHSE:600718) Earnings Are High Quality
Nov 01Neusoft Corporation's (SHSE:600718) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Oct 01Does Neusoft (SHSE:600718) Have A Healthy Balance Sheet?
Sep 24Neusoft's (SHSE:600718) Returns On Capital Are Heading Higher
Aug 30Neusoft Corporation's (SHSE:600718) Shares Lagging The Industry But So Is The Business
Jun 15Here's Why Neusoft (SHSE:600718) Can Manage Its Debt Responsibly
May 24Neusoft's (SHSE:600718) Performance Is Even Better Than Its Earnings Suggest
Apr 30Investors Aren't Buying Neusoft Corporation's (SHSE:600718) Revenues
Feb 28Financial Position Analysis
Short Term Liabilities: 600718's short term assets (CN¥10.9B) exceed its short term liabilities (CN¥7.7B).
Long Term Liabilities: 600718's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 600718 has more cash than its total debt.
Reducing Debt: 600718's debt to equity ratio has reduced from 27.2% to 11.1% over the past 5 years.
Debt Coverage: 600718's debt is well covered by operating cash flow (90.2%).
Interest Coverage: 600718's interest payments on its debt are well covered by EBIT (31.2x coverage).