ANTA Sports Products Balance Sheet Health
Financial Health criteria checks 6/6
ANTA Sports Products has a total shareholder equity of CN¥61.6B and total debt of CN¥15.4B, which brings its debt-to-equity ratio to 25%. Its total assets and total liabilities are CN¥97.2B and CN¥35.5B respectively. ANTA Sports Products's EBIT is CN¥16.4B making its interest coverage ratio -12.8. It has cash and short-term investments of CN¥30.2B.
Key information
25.0%
Debt to equity ratio
CN¥15.43b
Debt
| Interest coverage ratio | -12.8x |
| Cash | CN¥30.18b |
| Equity | CN¥61.63b |
| Total liabilities | CN¥35.55b |
| Total assets | CN¥97.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9MD0's short term assets (CN¥43.5B) exceed its short term liabilities (CN¥27.4B).
Long Term Liabilities: 9MD0's short term assets (CN¥43.5B) exceed its long term liabilities (CN¥8.2B).
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 reduced from 42.6% to 25% over the past 5 years.
Debt Coverage: 9MD0's debt is well covered by operating cash flow (116.4%).
Interest Coverage: 9MD0 earns more interest than it pays, so coverage of interest payments is not a concern.