Kingsoft Balance Sheet Health
Financial Health criteria checks 6/6
Kingsoft has a total shareholder equity of CN¥27.0B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are CN¥35.7B and CN¥8.7B respectively. Kingsoft's EBIT is CN¥2.1B making its interest coverage ratio -4. It has cash and short-term investments of CN¥23.6B.
Key information
10.6%
Debt to equity ratio
CN¥2.87b
Debt
| Interest coverage ratio | -4x |
| Cash | CN¥23.57b |
| Equity | CN¥27.00b |
| Total liabilities | CN¥8.72b |
| Total assets | CN¥35.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3K1's short term assets (CN¥26.6B) exceed its short term liabilities (CN¥7.8B).
Long Term Liabilities: 3K1's short term assets (CN¥26.6B) exceed its long term liabilities (CN¥958.8M).
Debt to Equity History and Analysis
Debt Level: 3K1 has more cash than its total debt.
Reducing Debt: 3K1's debt to equity ratio has reduced from 32.8% to 10.6% over the past 5 years.
Debt Coverage: 3K1's debt is well covered by operating cash flow (89.2%).
Interest Coverage: 3K1 earns more interest than it pays, so coverage of interest payments is not a concern.