Maoyan Entertainment Balance Sheet Health
Financial Health criteria checks 6/6
Maoyan Entertainment has a total shareholder equity of CN¥9.0B and total debt of CN¥250.0M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥12.5B and CN¥3.5B respectively. Maoyan Entertainment's EBIT is CN¥1.1B making its interest coverage ratio -14.5. It has cash and short-term investments of CN¥3.4B.
Key information
2.8%
Debt to equity ratio
CN¥250.00m
Debt
Interest coverage ratio | -14.5x |
Cash | CN¥3.44b |
Equity | CN¥9.04b |
Total liabilities | CN¥3.50b |
Total assets | CN¥12.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1896's short term assets (CN¥7.1B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 1896's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥102.3M).
Debt to Equity History and Analysis
Debt Level: 1896 has more cash than its total debt.
Reducing Debt: 1896's debt to equity ratio has reduced from 16.8% to 2.8% over the past 5 years.
Debt Coverage: 1896's debt is well covered by operating cash flow (719.6%).
Interest Coverage: 1896 earns more interest than it pays, so coverage of interest payments is not a concern.