51 Credit Card Balance Sheet Health
Financial Health criteria checks 6/6
51 Credit Card has a total shareholder equity of CN¥709.6M and total debt of CN¥160.5M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥1.2B and CN¥455.4M respectively. 51 Credit Card's EBIT is CN¥37.0M making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥377.0M.
Key information
22.6%
Debt to equity ratio
CN¥160.49m
Debt
Interest coverage ratio | -11.1x |
Cash | CN¥377.05m |
Equity | CN¥709.57m |
Total liabilities | CN¥455.40m |
Total assets | CN¥1.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2JY's short term assets (CN¥882.0M) exceed its short term liabilities (CN¥368.2M).
Long Term Liabilities: 2JY's short term assets (CN¥882.0M) exceed its long term liabilities (CN¥87.2M).
Debt to Equity History and Analysis
Debt Level: 2JY has more cash than its total debt.
Reducing Debt: 2JY's debt to equity ratio has reduced from 25% to 22.6% over the past 5 years.
Debt Coverage: 2JY's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 2JY earns more interest than it pays, so coverage of interest payments is not a concern.