Maoyan Entertainment Balance Sheet Health
Financial Health criteria checks 6/6
Maoyan Entertainment has a total shareholder equity of CN¥9.2B and total debt of CN¥477.3M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CN¥13.2B and CN¥4.0B respectively. Maoyan Entertainment's EBIT is CN¥1.0B making its interest coverage ratio -10.8. It has cash and short-term investments of CN¥3.7B.
Key information
5.2%
Debt to equity ratio
CN¥477.27m
Debt
| Interest coverage ratio | -10.8x |
| Cash | CN¥3.70b |
| Equity | CN¥9.24b |
| Total liabilities | CN¥4.00b |
| Total assets | CN¥13.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9ME's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 9ME's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥80.8M).
Debt to Equity History and Analysis
Debt Level: 9ME has more cash than its total debt.
Reducing Debt: 9ME's debt to equity ratio has reduced from 14.4% to 5.2% over the past 5 years.
Debt Coverage: 9ME's debt is well covered by operating cash flow (40%).
Interest Coverage: 9ME earns more interest than it pays, so coverage of interest payments is not a concern.