ANTA Sports Products Balance Sheet Health
Financial Health criteria checks 5/6
ANTA Sports Products has a total shareholder equity of CN¥56.0B and total debt of CN¥14.9B, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are CN¥92.2B and CN¥36.2B respectively. ANTA Sports Products's EBIT is CN¥15.3B making its interest coverage ratio -16.1. It has cash and short-term investments of CN¥38.6B.
Key information
26.7%
Debt to equity ratio
CN¥14.94b
Debt
Interest coverage ratio | -16.1x |
Cash | CN¥38.64b |
Equity | CN¥56.01b |
Total liabilities | CN¥36.22b |
Total assets | CN¥92.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9MD0's short term assets (CN¥52.1B) exceed its short term liabilities (CN¥20.6B).
Long Term Liabilities: 9MD0's short term assets (CN¥52.1B) exceed its long term liabilities (CN¥15.6B).
Debt to Equity History and Analysis
Debt Level: 9MD0 has more cash than its total debt.
Reducing Debt: 9MD0's debt to equity ratio has increased from 10.8% to 26.7% over the past 5 years.
Debt Coverage: 9MD0's debt is well covered by operating cash flow (131.4%).
Interest Coverage: 9MD0 earns more interest than it pays, so coverage of interest payments is not a concern.