Central China New Life Balance Sheet Health
Financial Health criteria checks 5/6
Central China New Life has a total shareholder equity of CN¥2.2B and total debt of CN¥52.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥4.9B and CN¥2.7B respectively. Central China New Life's EBIT is CN¥526.3M making its interest coverage ratio 1224. It has cash and short-term investments of CN¥1.7B.
Key information
2.4%
Debt to equity ratio
CN¥52.00m
Debt
| Interest coverage ratio | 1224x |
| Cash | CN¥1.66b |
| Equity | CN¥2.16b |
| Total liabilities | CN¥2.69b |
| Total assets | CN¥4.85b |
Recent financial health updates
Is Central China New Life (HKG:9983) A Risky Investment?
Sep 25
We Think Central China New Life (HKG:9983) Can Manage Its Debt With Ease
Dec 06Recent updates
Why Investors Shouldn't Be Surprised By Central China New Life Limited's (HKG:9983) 27% Share Price Surge
May 02Central China New Life Limited's (HKG:9983) Shareholders Might Be Looking For Exit
Feb 27Is Central China New Life Limited (HKG:9983) Expensive For A Reason? A Look At Its Intrinsic Value
Nov 22Is Central China New Life (HKG:9983) A Risky Investment?
Sep 25Central China New Life Limited (HKG:9983) Analysts Are More Bearish Than They Used To Be
Aug 23An Intrinsic Calculation For Central China New Life Limited (HKG:9983) Suggests It's 22% Undervalued
May 09Is It Too Late To Consider Buying Central China New Life Limited (HKG:9983)?
Dec 23We Think Central China New Life (HKG:9983) Can Manage Its Debt With Ease
Dec 06We Think That There Are Issues Underlying Central China New Life's (HKG:9983) Earnings
Sep 15These Analysts Just Made A Noticeable Downgrade To Their Central China New Life Limited (HKG:9983) EPS Forecasts
Aug 26Central China New Life's (HKG:9983) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 04Central China New Life (HKG:9983) Has Announced That It Will Be Increasing Its Dividend To HK$0.34
Mar 21The Price Is Right For Central China New Life Limited (HKG:9983)
Jun 01Central China New Life Limited (HKG:9983) Insiders Increased Their Holdings
Feb 23What Type Of Shareholders Own The Most Number of Central China New Life Limited (HKG:9983) Shares?
Dec 30
Financial Position Analysis
Short Term Liabilities: 9983's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 9983's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥138.8M).
Debt to Equity History and Analysis
Debt Level: 9983 has more cash than its total debt.
Reducing Debt: 9983's debt to equity ratio has reduced from 448.5% to 2.4% over the past 5 years.
Debt Coverage: 9983's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9983's interest payments on its debt are well covered by EBIT (1224x coverage).