Bairong Balance Sheet Health
Financial Health criteria checks 6/6
Bairong has a total shareholder equity of CN¥4.4B and total debt of CN¥91.4M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥5.5B and CN¥1.1B respectively. Bairong's EBIT is CN¥285.5M making its interest coverage ratio -4.2. It has cash and short-term investments of CN¥2.1B.
Key information
2.1%
Debt to equity ratio
CN¥91.36m
Debt
Interest coverage ratio | -4.2x |
Cash | CN¥2.07b |
Equity | CN¥4.45b |
Total liabilities | CN¥1.06b |
Total assets | CN¥5.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6608's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 6608's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥23.1M).
Debt to Equity History and Analysis
Debt Level: 6608 has more cash than its total debt.
Reducing Debt: 6608 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 6608's debt is well covered by operating cash flow (371.2%).
Interest Coverage: 6608 earns more interest than it pays, so coverage of interest payments is not a concern.