Chaozhou Three-Circle (Group)Ltd Balance Sheet Health
Financial Health criteria checks 5/6
Chaozhou Three-Circle (Group)Ltd has a total shareholder equity of CN¥18.6B and total debt of CN¥878.6M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are CN¥22.3B and CN¥3.6B respectively. Chaozhou Three-Circle (Group)Ltd's EBIT is CN¥1.3B making its interest coverage ratio -6.6. It has cash and short-term investments of CN¥6.9B.
Key information
4.7%
Debt to equity ratio
CN¥878.61m
Debt
Interest coverage ratio | -6.6x |
Cash | CN¥6.85b |
Equity | CN¥18.64b |
Total liabilities | CN¥3.64b |
Total assets | CN¥22.28b |
Recent financial health updates
Recent updates
Does Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Have A Healthy Balance Sheet?
Jul 21Chaozhou Three-Circle (Group) Co.,Ltd.'s (SZSE:300408) Price Is Out Of Tune With Earnings
Jun 26Capital Allocation Trends At Chaozhou Three-Circle (Group)Ltd (SZSE:300408) Aren't Ideal
May 21Concerns Surrounding Chaozhou Three-Circle (Group)Ltd's (SZSE:300408) Performance
May 03Chaozhou Three-Circle (Group) Co.,Ltd. (SZSE:300408) Not Lagging Market On Growth Or Pricing
Feb 27Financial Position Analysis
Short Term Liabilities: 300408's short term assets (CN¥11.6B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 300408's short term assets (CN¥11.6B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 300408 has more cash than its total debt.
Reducing Debt: 300408's debt to equity ratio has increased from 1.2% to 4.7% over the past 5 years.
Debt Coverage: 300408's debt is well covered by operating cash flow (180.6%).
Interest Coverage: 300408 earns more interest than it pays, so coverage of interest payments is not a concern.