China Art Financial Holdings Balance Sheet Health
Financial Health criteria checks 4/6
China Art Financial Holdings has a total shareholder equity of CN¥1.1B and total debt of CN¥7.3M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥1.1B and CN¥21.1M respectively. China Art Financial Holdings's EBIT is CN¥23.1M making its interest coverage ratio -17.6. It has cash and short-term investments of CN¥684.2M.
Key information
0.7%
Debt to equity ratio
CN¥7.28m
Debt
| Interest coverage ratio | -17.6x |
| Cash | CN¥684.23m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥21.13m |
| Total assets | CN¥1.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1572's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥20.4M).
Long Term Liabilities: 1572's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥720.0K).
Debt to Equity History and Analysis
Debt Level: 1572 has more cash than its total debt.
Reducing Debt: 1572's debt to equity ratio has increased from 0% to 0.7% over the past 5 years.
Debt Coverage: 1572's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1572 earns more interest than it pays, so coverage of interest payments is not a concern.