Shiyue Daotian Group Balance Sheet Health
Financial Health criteria checks 5/6
Shiyue Daotian Group has a total shareholder equity of CN¥3.4B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥4.7B and CN¥1.4B respectively. Shiyue Daotian Group's EBIT is CN¥156.8M making its interest coverage ratio 62. It has cash and short-term investments of CN¥1.4B.
Key information
29.9%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | 62x |
| Cash | CN¥1.44b |
| Equity | CN¥3.38b |
| Total liabilities | CN¥1.35b |
| Total assets | CN¥4.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9676's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 9676's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥65.8M).
Debt to Equity History and Analysis
Debt Level: 9676 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 9676's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 9676 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 9676 has sufficient cash runway for 2 years if free cash flow continues to grow at historical rates of 2% each year.