Digital China Group Balance Sheet Health
Financial Health criteria checks 4/6
Digital China Group has a total shareholder equity of CN¥9.6B and total debt of CN¥17.9B, which brings its debt-to-equity ratio to 186.9%. Its total assets and total liabilities are CN¥45.1B and CN¥35.5B respectively. Digital China Group's EBIT is CN¥2.3B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥5.6B.
Key information
186.9%
Debt to equity ratio
CN¥17.92b
Debt
Interest coverage ratio | 4.1x |
Cash | CN¥5.56b |
Equity | CN¥9.59b |
Total liabilities | CN¥35.52b |
Total assets | CN¥45.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000034's short term assets (CN¥35.9B) exceed its short term liabilities (CN¥29.8B).
Long Term Liabilities: 000034's short term assets (CN¥35.9B) exceed its long term liabilities (CN¥5.7B).
Debt to Equity History and Analysis
Debt Level: 000034's net debt to equity ratio (128.9%) is considered high.
Reducing Debt: 000034's debt to equity ratio has reduced from 278.7% to 186.9% over the past 5 years.
Debt Coverage: 000034's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000034's interest payments on its debt are well covered by EBIT (4.1x coverage).