NetEase Balance Sheet Health
Financial Health criteria checks 6/6
NetEase has a total shareholder equity of CN¥128.1B and total debt of CN¥19.7B, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥185.9B and CN¥57.8B respectively. NetEase's EBIT is CN¥27.7B making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥126.8B.
Key information
15.4%
Debt to equity ratio
CN¥19.67b
Debt
Interest coverage ratio | -5.1x |
Cash | CN¥126.80b |
Equity | CN¥128.08b |
Total liabilities | CN¥57.84b |
Total assets | CN¥185.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0K6G's short term assets (CN¥142.7B) exceed its short term liabilities (CN¥53.8B).
Long Term Liabilities: 0K6G's short term assets (CN¥142.7B) exceed its long term liabilities (CN¥4.0B).
Debt to Equity History and Analysis
Debt Level: 0K6G has more cash than its total debt.
Reducing Debt: 0K6G's debt to equity ratio has reduced from 26.6% to 15.4% over the past 5 years.
Debt Coverage: 0K6G's debt is well covered by operating cash flow (179.6%).
Interest Coverage: 0K6G earns more interest than it pays, so coverage of interest payments is not a concern.