GSP Automotive Group WenzhouLtd Balance Sheet Health
Financial Health criteria checks 5/6
GSP Automotive Group WenzhouLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥982.1M, which brings its debt-to-equity ratio to 46.5%. Its total assets and total liabilities are CN¥4.6B and CN¥2.5B respectively. GSP Automotive Group WenzhouLtd's EBIT is CN¥326.8M making its interest coverage ratio -75.7. It has cash and short-term investments of CN¥1.9B.
Key information
46.5%
Debt to equity ratio
CN¥982.15m
Debt
Interest coverage ratio | -75.7x |
Cash | CN¥1.92b |
Equity | CN¥2.11b |
Total liabilities | CN¥2.45b |
Total assets | CN¥4.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605088's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 605088's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥664.1M).
Debt to Equity History and Analysis
Debt Level: 605088 has more cash than its total debt.
Reducing Debt: 605088's debt to equity ratio has increased from 20.5% to 46.5% over the past 5 years.
Debt Coverage: 605088's debt is well covered by operating cash flow (23%).
Interest Coverage: 605088 earns more interest than it pays, so coverage of interest payments is not a concern.