Cloud Music Balance Sheet Health
Financial Health criteria checks 6/6
Cloud Music has a total shareholder equity of CN¥8.2B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥11.0B and CN¥2.7B respectively. Cloud Music's EBIT is CN¥26.9M making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥8.9B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -0.08x |
Cash | CN¥8.87b |
Equity | CN¥8.22b |
Total liabilities | CN¥2.74b |
Total assets | CN¥10.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9899's short term assets (CN¥10.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 9899's short term assets (CN¥10.6B) exceed its long term liabilities (CN¥62.2M).
Debt to Equity History and Analysis
Debt Level: 9899 is debt free.
Reducing Debt: 9899 had no debt 5 years ago.
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.