China Innovation Investment Balance Sheet Health
Financial Health criteria checks 6/6
China Innovation Investment has a total shareholder equity of HK$555.8M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$557.7M and HK$1.9M respectively. China Innovation Investment's EBIT is HK$3.3M making its interest coverage ratio 24.8. It has cash and short-term investments of HK$248.7M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | 24.8x |
| Cash | HK$248.66m |
| Equity | HK$555.78m |
| Total liabilities | HK$1.91m |
| Total assets | HK$557.68m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1217's short term assets (HK$345.4M) exceed its short term liabilities (HK$973.0K).
Long Term Liabilities: 1217's short term assets (HK$345.4M) exceed its long term liabilities (HK$934.0K).
Debt to Equity History and Analysis
Debt Level: 1217 is debt free.
Reducing Debt: 1217 has not had any debt for past 5 years.
Debt Coverage: 1217 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1217 has no debt, therefore coverage of interest payments is not a concern.