China New Higher Education Group Balance Sheet Health
Financial Health criteria checks 2/6
China New Higher Education Group has a total shareholder equity of CN¥3.8B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are CN¥9.2B and CN¥5.4B respectively. China New Higher Education Group's EBIT is CN¥729.6M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥325.3M.
Key information
72.5%
Debt to equity ratio
CN¥2.76b
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥325.31m |
| Equity | CN¥3.81b |
| Total liabilities | CN¥5.43b |
| Total assets | CN¥9.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8CN's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥3.5B).
Long Term Liabilities: 8CN's short term assets (CN¥1.0B) do not cover its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 8CN's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 8CN's debt to equity ratio has increased from 42.1% to 72.5% over the past 5 years.
Debt Coverage: 8CN's debt is well covered by operating cash flow (46.2%).
Interest Coverage: 8CN's interest payments on its debt are well covered by EBIT (6.1x coverage).