NET263 Balance Sheet Health
Financial Health criteria checks 5/6
NET263 has a total shareholder equity of CN¥2.0B and total debt of CN¥31.3M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥2.4B and CN¥405.2M respectively. NET263's EBIT is CN¥72.7M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥775.6M.
Key information
1.6%
Debt to equity ratio
CN¥31.32m
Debt
Interest coverage ratio | -1.8x |
Cash | CN¥775.56m |
Equity | CN¥1.96b |
Total liabilities | CN¥405.20m |
Total assets | CN¥2.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002467's short term assets (CN¥952.1M) exceed its short term liabilities (CN¥368.3M).
Long Term Liabilities: 002467's short term assets (CN¥952.1M) exceed its long term liabilities (CN¥36.9M).
Debt to Equity History and Analysis
Debt Level: 002467 has more cash than its total debt.
Reducing Debt: 002467's debt to equity ratio has increased from 0% to 1.6% over the past 5 years.
Debt Coverage: 002467's debt is well covered by operating cash flow (515.9%).
Interest Coverage: 002467 earns more interest than it pays, so coverage of interest payments is not a concern.