OFILM Group Balance Sheet Health
Financial Health criteria checks 2/6
OFILM Group has a total shareholder equity of CN¥4.2B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 165.9%. Its total assets and total liabilities are CN¥19.8B and CN¥15.6B respectively. OFILM Group's EBIT is CN¥402.2M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥1.7B.
Key information
165.9%
Debt to equity ratio
CN¥6.97b
Debt
Interest coverage ratio | 1.8x |
Cash | CN¥1.65b |
Equity | CN¥4.20b |
Total liabilities | CN¥15.61b |
Total assets | CN¥19.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002456's short term assets (CN¥12.0B) do not cover its short term liabilities (CN¥13.5B).
Long Term Liabilities: 002456's short term assets (CN¥12.0B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 002456's net debt to equity ratio (126.6%) is considered high.
Reducing Debt: 002456's debt to equity ratio has reduced from 191.5% to 165.9% over the past 5 years.
Debt Coverage: 002456's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002456's interest payments on its debt are not well covered by EBIT (1.8x coverage).