Dawning Information Industry Balance Sheet Health
Financial Health criteria checks 6/6
Dawning Information Industry has a total shareholder equity of CN¥20.0B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥32.6B and CN¥12.6B respectively. Dawning Information Industry's EBIT is CN¥1.1B making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥3.4B.
Key information
7.6%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥3.43b |
| Equity | CN¥20.03b |
| Total liabilities | CN¥12.59b |
| Total assets | CN¥32.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603019's short term assets (CN¥12.1B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 603019's short term assets (CN¥12.1B) exceed its long term liabilities (CN¥8.2B).
Debt to Equity History and Analysis
Debt Level: 603019 has more cash than its total debt.
Reducing Debt: 603019's debt to equity ratio has reduced from 76.4% to 7.6% over the past 5 years.
Debt Coverage: 603019's debt is well covered by operating cash flow (91.4%).
Interest Coverage: 603019 earns more interest than it pays, so coverage of interest payments is not a concern.