China Literature Balance Sheet Health
Financial Health criteria checks 6/6
China Literature has a total shareholder equity of CN¥19.2B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥24.4B and CN¥5.2B respectively. China Literature's EBIT is CN¥760.1M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥7.0B.
Key information
0.05%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥7.02b |
| Equity | CN¥19.23b |
| Total liabilities | CN¥5.20b |
| Total assets | CN¥24.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 772's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 772's short term assets (CN¥11.9B) exceed its long term liabilities (CN¥283.2M).
Debt to Equity History and Analysis
Debt Level: 772 has more cash than its total debt.
Reducing Debt: 772's debt to equity ratio has reduced from 8.9% to 0.05% over the past 5 years.
Debt Coverage: 772's debt is well covered by operating cash flow (21296.9%).
Interest Coverage: 772 earns more interest than it pays, so coverage of interest payments is not a concern.