Xiamen Yan Palace Bird's Nest Industry Balance Sheet Health
Financial Health criteria checks 6/6
Xiamen Yan Palace Bird's Nest Industry has a total shareholder equity of CN¥740.6M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.4B and CN¥620.0M respectively. Xiamen Yan Palace Bird's Nest Industry's EBIT is CN¥210.9M making its interest coverage ratio 647. It has cash and short-term investments of CN¥409.6M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | 647x |
| Cash | CN¥409.59m |
| Equity | CN¥740.58m |
| Total liabilities | CN¥620.03m |
| Total assets | CN¥1.36b |
Financial Position Analysis
Short Term Liabilities: 1497's short term assets (CN¥939.6M) exceed its short term liabilities (CN¥500.1M).
Long Term Liabilities: 1497's short term assets (CN¥939.6M) exceed its long term liabilities (CN¥119.9M).
Debt to Equity History and Analysis
Debt Level: 1497 is debt free.
Reducing Debt: 1497 has no debt compared to 5 years ago when its debt to equity ratio was 4.7%.
Debt Coverage: 1497 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 1497 has no debt, therefore coverage of interest payments is not a concern.