Persistence Resources Group Balance Sheet Health
Financial Health criteria checks 5/6
Persistence Resources Group has a total shareholder equity of CN¥1.1B and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥1.3B and CN¥233.9M respectively. Persistence Resources Group's EBIT is CN¥170.3M making its interest coverage ratio -47.4. It has cash and short-term investments of CN¥661.3M.
Key information
2.8%
Debt to equity ratio
CN¥30.00m
Debt
| Interest coverage ratio | -47.4x |
| Cash | CN¥661.32m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥233.85m |
| Total assets | CN¥1.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2489's short term assets (CN¥704.4M) exceed its short term liabilities (CN¥166.9M).
Long Term Liabilities: 2489's short term assets (CN¥704.4M) exceed its long term liabilities (CN¥67.0M).
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 (620.6%).
Interest Coverage: 2489 earns more interest than it pays, so coverage of interest payments is not a concern.