Many Idea Cloud Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Many Idea Cloud Holdings has a total shareholder equity of CN¥578.0M and total debt of CN¥56.6M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are CN¥775.0M and CN¥197.0M respectively. Many Idea Cloud Holdings's EBIT is CN¥26.3M making its interest coverage ratio 16.8. It has cash and short-term investments of CN¥44.8M.
Key information
9.8%
Debt to equity ratio
CN¥56.56m
Debt
| Interest coverage ratio | 16.8x |
| Cash | CN¥44.84m |
| Equity | CN¥578.02m |
| Total liabilities | CN¥197.01m |
| Total assets | CN¥775.03m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6696's short term assets (CN¥579.3M) exceed its short term liabilities (CN¥196.6M).
Long Term Liabilities: 6696's short term assets (CN¥579.3M) exceed its long term liabilities (CN¥400.0K).
Debt to Equity History and Analysis
Debt Level: 6696's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 6696's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6696's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6696's interest payments on its debt are well covered by EBIT (16.8x coverage).