China Conch Venture Holdings Balance Sheet Health
Financial Health criteria checks 1/6
China Conch Venture Holdings has a total shareholder equity of CN¥47.8B and total debt of CN¥27.0B, which brings its debt-to-equity ratio to 56.6%. Its total assets and total liabilities are CN¥80.5B and CN¥32.7B respectively. China Conch Venture Holdings's EBIT is CN¥1.8B making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥3.7B.
Key information
56.6%
Debt to equity ratio
CN¥27.02b
Debt
Interest coverage ratio | 2.9x |
Cash | CN¥3.71b |
Equity | CN¥47.75b |
Total liabilities | CN¥32.71b |
Total assets | CN¥80.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 586's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 586's short term assets (CN¥8.1B) do not cover its long term liabilities (CN¥26.3B).
Debt to Equity History and Analysis
Debt Level: 586's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: 586's debt to equity ratio has increased from 17.6% to 56.6% over the past 5 years.
Debt Coverage: 586's debt is not well covered by operating cash flow (7.3%).
Interest Coverage: 586's interest payments on its debt are not well covered by EBIT (2.9x coverage).