GSP Automotive Group WenzhouLtd Balance Sheet Health
Financial Health criteria checks 4/6
GSP Automotive Group WenzhouLtd has a total shareholder equity of CN¥2.4B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are CN¥5.5B and CN¥3.1B respectively. GSP Automotive Group WenzhouLtd's EBIT is CN¥331.2M making its interest coverage ratio 15.5. It has cash and short-term investments of CN¥2.0B.
Key information
52.9%
Debt to equity ratio
CN¥1.28b
Debt
| Interest coverage ratio | 15.5x |
| Cash | CN¥1.98b |
| Equity | CN¥2.43b |
| Total liabilities | CN¥3.12b |
| Total assets | CN¥5.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605088's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 605088's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥577.4M).
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 13.6% to 52.9% over the past 5 years.
Debt Coverage: 605088's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 605088's interest payments on its debt are well covered by EBIT (15.5x coverage).