Digital China Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Digital China Holdings has a total shareholder equity of CN¥10.4B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥22.8B and CN¥12.4B respectively. Digital China Holdings's EBIT is CN¥380.1M making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥3.8B.
Key information
31.7%
Debt to equity ratio
CN¥3.28b
Debt
Interest coverage ratio | 4.4x |
Cash | CN¥3.80b |
Equity | CN¥10.37b |
Total liabilities | CN¥12.43b |
Total assets | CN¥22.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 861's short term assets (CN¥13.8B) exceed its short term liabilities (CN¥9.2B).
Long Term Liabilities: 861's short term assets (CN¥13.8B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 861 has more cash than its total debt.
Reducing Debt: 861's debt to equity ratio has reduced from 50% to 31.7% over the past 5 years.
Debt Coverage: 861's debt is well covered by operating cash flow (22.7%).
Interest Coverage: 861's interest payments on its debt are well covered by EBIT (4.4x coverage).