China New Town Development Balance Sheet Health
Financial Health criteria checks 5/6
China New Town Development has a total shareholder equity of CN¥4.7B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 49.6%. Its total assets and total liabilities are CN¥7.9B and CN¥3.2B respectively. China New Town Development's EBIT is CN¥226.9M making its interest coverage ratio 5.2. It has cash and short-term investments of CN¥3.3B.
Key information
49.6%
Debt to equity ratio
CN¥2.32b
Debt
| Interest coverage ratio | 5.2x |
| Cash | CN¥3.32b |
| Equity | CN¥4.67b |
| Total liabilities | CN¥3.21b |
| Total assets | CN¥7.88b |
Recent financial health updates
Health Check: How Prudently Does China New Town Development (HKG:1278) Use Debt?
Dec 12
China New Town Development (HKG:1278) Could Easily Take On More Debt
May 16Is China New Town Development (HKG:1278) Using Too Much Debt?
Aug 31Is China New Town Development (HKG:1278) Using Too Much Debt?
May 09China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 10Is China New Town Development (HKG:1278) A Risky Investment?
Aug 09Recent updates
Health Check: How Prudently Does China New Town Development (HKG:1278) Use Debt?
Dec 12China New Town Development (HKG:1278) Could Easily Take On More Debt
May 16Is China New Town Development (HKG:1278) Using Too Much Debt?
Aug 31Is China New Town Development (HKG:1278) Using Too Much Debt?
May 09China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 10Is China New Town Development (HKG:1278) A Risky Investment?
Aug 09Here's Why China New Town Development (HKG:1278) Can Manage Its Debt Responsibly
Apr 05Is China New Town Development Company Limited (HKG:1278) Popular Amongst Insiders?
Mar 01If You Had Bought China New Town Development's (HKG:1278) Shares Three Years Ago You Would Be Down 53%
Jan 25China New Town Development (HKG:1278) Seems To Use Debt Quite Sensibly
Dec 21We're Not So Sure You Should Rely on China New Town Development's (HKG:1278) Statutory Earnings
Nov 30
Financial Position Analysis
Short Term Liabilities: 1278's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 1278's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 1278 has more cash than its total debt.
Reducing Debt: 1278's debt to equity ratio has reduced from 56.4% to 49.6% over the past 5 years.
Debt Coverage: 1278's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1278's interest payments on its debt are well covered by EBIT (5.2x coverage).