Guangzhou Tongda Auto Electric Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Tongda Auto Electric has a total shareholder equity of CN¥1.6B and total debt of CN¥19.9M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥1.8B and CN¥192.1M respectively. Guangzhou Tongda Auto Electric's EBIT is CN¥13.2M making its interest coverage ratio -3. It has cash and short-term investments of CN¥384.5M.
Key information
1.3%
Debt to equity ratio
CN¥19.92m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥384.47m |
| Equity | CN¥1.59b |
| Total liabilities | CN¥192.11m |
| Total assets | CN¥1.78b |
Recent financial health updates
No updates
Recent updates
Guangzhou Tongda Auto Electric Co., Ltd (SHSE:603390) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Sep 04
Capital Allocation Trends At Guangzhou Tongda Auto Electric (SHSE:603390) Aren't Ideal
Aug 29Guangzhou Tongda Auto Electric Co., Ltd's (SHSE:603390) Shareholders Might Be Looking For Exit
Jun 28Statutory Profit Doesn't Reflect How Good Guangzhou Tongda Auto Electric's (SHSE:603390) Earnings Are
May 03Pinning Down Guangzhou Tongda Auto Electric Co., Ltd's (SHSE:603390) P/S Is Difficult Right Now
Feb 28Financial Position Analysis
Short Term Liabilities: 603390's short term assets (CN¥951.2M) exceed its short term liabilities (CN¥183.1M).
Long Term Liabilities: 603390's short term assets (CN¥951.2M) exceed its long term liabilities (CN¥9.0M).
Debt to Equity History and Analysis
Debt Level: 603390 has more cash than its total debt.
Reducing Debt: 603390's debt to equity ratio has reduced from 6.4% to 1.3% over the past 5 years.
Debt Coverage: 603390's debt is well covered by operating cash flow (549.6%).
Interest Coverage: 603390 earns more interest than it pays, so coverage of interest payments is not a concern.