AVCON Information Technology Balance Sheet Health
Financial Health criteria checks 5/6
AVCON Information Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥135.3M, which brings its debt-to-equity ratio to 12.6%. Its total assets and total liabilities are CN¥1.5B and CN¥461.3M respectively. AVCON Information Technology's EBIT is CN¥39.0M making its interest coverage ratio -3. It has cash and short-term investments of CN¥219.0M.
Key information
12.6%
Debt to equity ratio
CN¥135.33m
Debt
Interest coverage ratio | -3x |
Cash | CN¥218.98m |
Equity | CN¥1.07b |
Total liabilities | CN¥461.27m |
Total assets | CN¥1.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300074's short term assets (CN¥843.9M) exceed its short term liabilities (CN¥437.2M).
Long Term Liabilities: 300074's short term assets (CN¥843.9M) exceed its long term liabilities (CN¥24.0M).
Debt to Equity History and Analysis
Debt Level: 300074 has more cash than its total debt.
Reducing Debt: 300074's debt to equity ratio has increased from 0% to 12.6% over the past 5 years.
Debt Coverage: 300074's debt is well covered by operating cash flow (97.7%).
Interest Coverage: 300074 earns more interest than it pays, so coverage of interest payments is not a concern.