TravelSky Technology Balance Sheet Health
Financial Health criteria checks 5/6
TravelSky Technology has a total shareholder equity of CN¥22.0B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are CN¥30.0B and CN¥7.9B respectively. TravelSky Technology's EBIT is CN¥1.6B making its interest coverage ratio -6.9. It has cash and short-term investments of CN¥12.5B.
Key information
6.1%
Debt to equity ratio
CN¥1.35b
Debt
| Interest coverage ratio | -6.9x |
| Cash | CN¥12.45b |
| Equity | CN¥22.03b |
| Total liabilities | CN¥7.95b |
| Total assets | CN¥29.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 696's short term assets (CN¥20.9B) exceed its short term liabilities (CN¥7.9B).
Long Term Liabilities: 696's short term assets (CN¥20.9B) exceed its long term liabilities (CN¥59.2M).
Debt to Equity History and Analysis
Debt Level: 696 has more cash than its total debt.
Reducing Debt: 696's debt to equity ratio has increased from 0% to 6.1% over the past 5 years.
Debt Coverage: 696's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 696 earns more interest than it pays, so coverage of interest payments is not a concern.