Skyworth Group Balance Sheet Health
Financial Health criteria checks 4/6
Skyworth Group has a total shareholder equity of CN¥22.8B and total debt of CN¥15.3B, which brings its debt-to-equity ratio to 67.3%. Its total assets and total liabilities are CN¥67.2B and CN¥44.4B respectively. Skyworth Group's EBIT is CN¥1.8B making its interest coverage ratio 14.2. It has cash and short-term investments of CN¥9.8B.
Key information
67.3%
Debt to equity ratio
CN¥15.32b
Debt
Interest coverage ratio | 14.2x |
Cash | CN¥9.83b |
Equity | CN¥22.76b |
Total liabilities | CN¥44.40b |
Total assets | CN¥67.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 751's short term assets (CN¥46.7B) exceed its short term liabilities (CN¥35.4B).
Long Term Liabilities: 751's short term assets (CN¥46.7B) exceed its long term liabilities (CN¥9.0B).
Debt to Equity History and Analysis
Debt Level: 751's net debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: 751's debt to equity ratio has increased from 48% to 67.3% over the past 5 years.
Debt Coverage: 751's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 751's interest payments on its debt are well covered by EBIT (14.2x coverage).