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¥19.3B and total debt of CN¥397.1M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥23.0B and CN¥3.7B respectively. Chaozhou Three-Circle (Group)Ltd's EBIT is CN¥1.8B making its interest coverage ratio -9.5. It has cash and short-term investments of CN¥6.3B.
Key information
2.1%
Debt to equity ratio
CN¥397.08m
Debt
| Interest coverage ratio | -9.5x |
| Cash | CN¥6.29b |
| Equity | CN¥19.31b |
| Total liabilities | CN¥3.73b |
| Total assets | CN¥23.04b |
Recent financial health updates
No updates
Recent updates
Financial 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 2.1% over the past 5 years.
Debt Coverage: 300408's debt is well covered by operating cash flow (527.8%).
Interest Coverage: 300408 earns more interest than it pays, so coverage of interest payments is not a concern.