Keda Industrial Group Balance Sheet Health
Financial Health criteria checks 5/6
Keda Industrial Group has a total shareholder equity of CN¥14.0B and total debt of CN¥5.7B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are CN¥24.7B and CN¥10.8B respectively. Keda Industrial Group's EBIT is CN¥1.3B making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥3.9B.
Key information
41.1%
Debt to equity ratio
CN¥5.75b
Debt
Interest coverage ratio | -0.5x |
Cash | CN¥3.93b |
Equity | CN¥13.98b |
Total liabilities | CN¥10.75b |
Total assets | CN¥24.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: T0T's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥6.1B).
Long Term Liabilities: T0T's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: T0T's net debt to equity ratio (13%) is considered satisfactory.
Reducing Debt: T0T's debt to equity ratio has reduced from 68.6% to 41.1% over the past 5 years.
Debt Coverage: T0T's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: T0T earns more interest than it pays, so coverage of interest payments is not a concern.