NetEase Cloud Music Balance Sheet Health
Financial Health criteria checks 6/6
NetEase Cloud Music has a total shareholder equity of CN¥9.3B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥12.4B and CN¥3.1B respectively. NetEase Cloud Music's EBIT is CN¥827.5M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥8.8B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥8.79b |
| Equity | CN¥9.31b |
| Total liabilities | CN¥3.14b |
| Total assets | CN¥12.45b |
Recent financial health updates
Recent updates
Why Cloud Music Inc. (HKG:9899) Could Be Worth Watching
Oct 16
Cloud Music Inc.'s (HKG:9899) 28% Price Boost Is Out Of Tune With Earnings
Sep 28Cloud Music's (HKG:9899) Returns On Capital Are Heading Higher
Sep 13Calculating The Fair Value Of Cloud Music Inc. (HKG:9899)
Aug 19Is Now An Opportune Moment To Examine Cloud Music Inc. (HKG:9899)?
Jul 12Cloud Music (HKG:9899) Is Looking To Continue Growing Its Returns On Capital
Jun 09Calculating The Intrinsic Value Of Cloud Music Inc. (HKG:9899)
Apr 25Is Cloud Music Inc. (HKG:9899) Potentially Undervalued?
Apr 08Calculating The Fair Value Of Cloud Music Inc. (HKG:9899)
Jan 20Investors Will Want Cloud Music's (HKG:9899) Growth In ROCE To Persist
Dec 30Should You Think About Buying Cloud Music Inc. (HKG:9899) Now?
Dec 08Cloud Music (HKG:9899) Shareholders Will Want The ROCE Trajectory To Continue
Sep 13Getting In Cheap On Cloud Music Inc. (HKG:9899) Is Unlikely
Jun 20A Look At The Intrinsic Value Of Cloud Music Inc. (HKG:9899)
May 30Is Cloud Music Inc. (HKG:9899) Trading At A 44% Discount?
Feb 27Is There An Opportunity With Cloud Music Inc.'s (HKG:9899) 48% Undervaluation?
Nov 17Here's What Analysts Are Forecasting For Cloud Music Inc. (HKG:9899) After Its Second-Quarter Results
Aug 21Companies Like Cloud Village (HKG:9899) Are In A Position To Invest In Growth
May 27Financial Position Analysis
Short Term Liabilities: 9899's short term assets (CN¥10.8B) exceed its short term liabilities (CN¥3.1B).
Long Term Liabilities: 9899's short term assets (CN¥10.8B) exceed its long term liabilities (CN¥83.6M).
Debt to Equity History and Analysis
Debt Level: 9899 is debt free.
Reducing Debt: 9899 currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: 9899 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 9899 has no debt, therefore coverage of interest payments is not a concern.