Cheerwin Group Balance Sheet Health
Financial Health criteria checks 6/6
Cheerwin Group has a total shareholder equity of CN¥3.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.7B and CN¥642.9M respectively. Cheerwin Group's EBIT is CN¥166.6M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥2.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥2.64b |
| Equity | CN¥3.03b |
| Total liabilities | CN¥642.88m |
| Total assets | CN¥3.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1RQ's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥611.9M).
Long Term Liabilities: 1RQ's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥30.9M).
Debt to Equity History and Analysis
Debt Level: 1RQ is debt free.
Reducing Debt: 1RQ has no debt compared to 5 years ago when its debt to equity ratio was 161.1%.
Debt Coverage: 1RQ has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1RQ has no debt, therefore coverage of interest payments is not a concern.