China New City Group Balance Sheet Health
Financial Health criteria checks 1/6
China New City Group has a total shareholder equity of CN¥4.8B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 71.2%. Its total assets and total liabilities are CN¥13.5B and CN¥8.7B respectively. China New City Group's EBIT is CN¥25.5M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥181.2M.
Key information
71.2%
Debt to equity ratio
CN¥3.45b
Debt
| Interest coverage ratio | 0.3x |
| Cash | CN¥181.19m |
| Equity | CN¥4.84b |
| Total liabilities | CN¥8.69b |
| Total assets | CN¥13.53b |
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
China 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¥4.5B) do not cover its short term liabilities (CN¥5.3B).
Long Term Liabilities: 1321's short term assets (CN¥4.5B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 1321's net debt to equity ratio (67.5%) is considered high.
Reducing Debt: 1321's debt to equity ratio has increased from 50.3% to 71.2% over the past 5 years.
Debt Coverage: 1321's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: 1321's interest payments on its debt are not well covered by EBIT (0.3x coverage).