This company listing is no longer active
Central China New Life Balance Sheet Health
Financial Health criteria checks 6/6
Central China New Life has a total shareholder equity of CN¥3.1B and total debt of CN¥74.0M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥5.3B and CN¥2.3B respectively. Central China New Life's EBIT is CN¥722.6M making its interest coverage ratio -20.9. It has cash and short-term investments of CN¥2.1B.
Key information
2.4%
Debt to equity ratio
CN¥74.00m
Debt
| Interest coverage ratio | -20.9x |
| Cash | CN¥2.08b |
| Equity | CN¥3.06b |
| Total liabilities | CN¥2.28b |
| Total assets | CN¥5.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9983's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 9983's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥152.3M).
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 612.5% to 2.4% over the past 5 years.
Debt Coverage: 9983's debt is well covered by operating cash flow (417.1%).
Interest Coverage: 9983 earns more interest than it pays, so coverage of interest payments is not a concern.