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Essence Information Technology Balance Sheet Health
Financial Health criteria checks 4/6
Essence Information Technology has a total shareholder equity of CN¥803.8M and total debt of CN¥89.3M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are CN¥1.1B and CN¥310.1M respectively.
Key information
11.1%
Debt to equity ratio
CN¥89.26m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥272.54m |
| Equity | CN¥803.79m |
| Total liabilities | CN¥310.07m |
| Total assets | CN¥1.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688555's short term assets (CN¥725.0M) exceed its short term liabilities (CN¥241.1M).
Long Term Liabilities: 688555's short term assets (CN¥725.0M) exceed its long term liabilities (CN¥69.0M).
Debt to Equity History and Analysis
Debt Level: 688555 has more cash than its total debt.
Reducing Debt: 688555's debt to equity ratio has increased from 1.7% to 11.1% over the past 5 years.
Debt Coverage: 688555's debt is well covered by operating cash flow (55.6%).
Interest Coverage: Insufficient data to determine if 688555's interest payments on its debt are well covered by EBIT.