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
No updates
Recent updates
Financial 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.