China Literature Balance Sheet Health
Financial Health criteria checks 6/6
China Literature has a total shareholder equity of CN¥19.0B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥23.2B and CN¥4.2B respectively. China Literature's EBIT is CN¥655.7M making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥6.3B.
Key information
0.05%
Debt to equity ratio
CN¥10.00m
Debt
Interest coverage ratio | -4.5x |
Cash | CN¥6.28b |
Equity | CN¥19.02b |
Total liabilities | CN¥4.16b |
Total assets | CN¥23.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: C2X's short term assets (CN¥11.2B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: C2X's short term assets (CN¥11.2B) exceed its long term liabilities (CN¥560.9M).
Debt to Equity History and Analysis
Debt Level: C2X has more cash than its total debt.
Reducing Debt: C2X's debt to equity ratio has reduced from 13.5% to 0.05% over the past 5 years.
Debt Coverage: C2X's debt is well covered by operating cash flow (11314.9%).
Interest Coverage: C2X earns more interest than it pays, so coverage of interest payments is not a concern.