China New City Group Balance Sheet Health
Financial Health criteria checks 4/6
China New City Group has a total shareholder equity of CN¥5.2B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 64%. Its total assets and total liabilities are CN¥13.4B and CN¥8.2B respectively. China New City Group's EBIT is CN¥1.4B making its interest coverage ratio 14.5. It has cash and short-term investments of CN¥123.7M.
Key information
64.0%
Debt to equity ratio
CN¥3.33b
Debt
| Interest coverage ratio | 14.5x |
| Cash | CN¥123.75m |
| Equity | CN¥5.20b |
| Total liabilities | CN¥8.22b |
| Total assets | CN¥13.42b |
Recent financial health updates
Is China New City Group (HKG:1321) A Risky Investment?
Dec 01
Is China New City Commercial Development (HKG:1321) Using Too Much Debt?
Aug 31Health Check: How Prudently Does China New City Commercial Development (HKG:1321) Use Debt?
Oct 07China New City Commercial Development (HKG:1321) Has Debt But No Earnings; Should You Worry?
Apr 15Is China New City Commercial Development (HKG:1321) Weighed On By Its Debt Load?
Dec 16Recent updates
The Strong Earnings Posted By China New City Group (HKG:1321) Are A Good Indication Of The Strength Of The Business
Sep 18Revenues Tell The Story For China New City Group Limited (HKG:1321) As Its Stock Soars 26%
Jun 13This Is Why China New City Group Limited's (HKG:1321) CEO Compensation Looks Appropriate
May 30China New City Group Limited's (HKG:1321) Price Is Out Of Tune With Revenues
Jan 23Is China New City Group (HKG:1321) A Risky Investment?
Dec 01Is China New City Commercial Development (HKG:1321) Using Too Much Debt?
Aug 31Health Check: How Prudently Does China New City Commercial Development (HKG:1321) Use Debt?
Oct 07China New City Commercial Development (HKG:1321) Has Debt But No Earnings; Should You Worry?
Apr 15Is China New City Commercial Development (HKG:1321) Weighed On By Its Debt Load?
Dec 16Would Shareholders Who Purchased China New City Commercial Development's (HKG:1321) Stock Five Years Be Happy With The Share price Today?
Feb 19Here's Why We Don't Think China New City Commercial Development's (HKG:1321) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 29Financial Position Analysis
Short Term Liabilities: 1321's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 1321's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 1321's net debt to equity ratio (61.6%) is considered high.
Reducing Debt: 1321's debt to equity ratio has increased from 51.3% to 64% over the past 5 years.
Debt Coverage: 1321's debt is well covered by operating cash flow (31.3%).
Interest Coverage: 1321's interest payments on its debt are well covered by EBIT (14.5x coverage).