Eastcompeace TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Eastcompeace TechnologyLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥1.6M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥3.0B and CN¥1.3B respectively. Eastcompeace TechnologyLtd's EBIT is CN¥215.8M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥1.8B.
Key information
0.1%
Debt to equity ratio
CN¥1.59m
Debt
Interest coverage ratio | -5.1x |
Cash | CN¥1.81b |
Equity | CN¥1.67b |
Total liabilities | CN¥1.30b |
Total assets | CN¥2.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002017's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002017's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥51.6M).
Debt to Equity History and Analysis
Debt Level: 002017 has more cash than its total debt.
Reducing Debt: 002017's debt to equity ratio has reduced from 3.5% to 0.1% over the past 5 years.
Debt Coverage: 002017's debt is well covered by operating cash flow (15029.3%).
Interest Coverage: 002017 earns more interest than it pays, so coverage of interest payments is not a concern.