Skyworth Group Balance Sheet Health
Financial Health criteria checks 3/6
Skyworth Group has a total shareholder equity of CN¥22.5B and total debt of CN¥19.0B, which brings its debt-to-equity ratio to 84.2%. Its total assets and total liabilities are CN¥69.3B and CN¥46.8B respectively. Skyworth Group's EBIT is CN¥1.9B making its interest coverage ratio 16.4. It has cash and short-term investments of CN¥9.4B.
Key information
84.2%
Debt to equity ratio
CN¥18.96b
Debt
| Interest coverage ratio | 16.4x |
| Cash | CN¥9.38b |
| Equity | CN¥22.52b |
| Total liabilities | CN¥46.82b |
| Total assets | CN¥69.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KYW0's short term assets (CN¥48.6B) exceed its short term liabilities (CN¥36.9B).
Long Term Liabilities: KYW0's short term assets (CN¥48.6B) exceed its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: KYW0's net debt to equity ratio (42.5%) is considered high.
Reducing Debt: KYW0's debt to equity ratio has increased from 55.4% to 84.2% over the past 5 years.
Debt Coverage: KYW0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: KYW0's interest payments on its debt are well covered by EBIT (16.4x coverage).