Persistence Resources Group Balance Sheet Health
Financial Health criteria checks 5/6
Persistence Resources Group has a total shareholder equity of CN¥975.9M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥1.2B and CN¥242.0M respectively. Persistence Resources Group's EBIT is CN¥140.0M making its interest coverage ratio -105.8. It has cash and short-term investments of CN¥593.5M.
Key information
3.1%
Debt to equity ratio
CN¥30.00m
Debt
Interest coverage ratio | -105.8x |
Cash | CN¥593.50m |
Equity | CN¥975.94m |
Total liabilities | CN¥241.97m |
Total assets | CN¥1.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2489's short term assets (CN¥636.2M) exceed its short term liabilities (CN¥178.1M).
Long Term Liabilities: 2489's short term assets (CN¥636.2M) exceed its long term liabilities (CN¥63.9M).
Debt to Equity History and Analysis
Debt Level: 2489 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2489's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2489's debt is well covered by operating cash flow (593%).
Interest Coverage: 2489 earns more interest than it pays, so coverage of interest payments is not a concern.