Guizhou TyreLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guizhou TyreLtd has a total shareholder equity of CN¥8.8B and total debt of CN¥4.6B, which brings its debt-to-equity ratio to 52.6%. Its total assets and total liabilities are CN¥18.3B and CN¥9.5B respectively. Guizhou TyreLtd's EBIT is CN¥821.9M making its interest coverage ratio 30.6. It has cash and short-term investments of CN¥3.5B.
Key information
52.6%
Debt to equity ratio
CN¥4.61b
Debt
| Interest coverage ratio | 30.6x |
| Cash | CN¥3.50b |
| Equity | CN¥8.77b |
| Total liabilities | CN¥9.54b |
| Total assets | CN¥18.31b |
Recent financial health updates
Recent updates
Why Guizhou TyreLtd's (SZSE:000589) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 05
Guizhou Tyre Co.,Ltd.'s (SZSE:000589) Prospects Need A Boost To Lift Shares
Oct 18We Think Guizhou TyreLtd (SZSE:000589) Can Stay On Top Of Its Debt
Aug 22Guizhou TyreLtd (SZSE:000589) Is Experiencing Growth In Returns On Capital
Jul 22Guizhou Tyre Co.,Ltd.'s (SZSE:000589) Prospects Need A Boost To Lift Shares
Jun 25Guizhou TyreLtd's (SZSE:000589) Promising Earnings May Rest On Soft Foundations
Apr 23Financial Position Analysis
Short Term Liabilities: 000589's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥7.7B).
Long Term Liabilities: 000589's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000589's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 000589's debt to equity ratio has reduced from 103.6% to 52.6% over the past 5 years.
Debt Coverage: 000589's debt is well covered by operating cash flow (29.9%).
Interest Coverage: 000589's interest payments on its debt are well covered by EBIT (30.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 18:52 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Guizhou Tyre Co.,Ltd. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xing LI | Changjiang Securities Co. LTD. |
| Ning Li | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Lei Cheng | Everbright Securities Co. Ltd. |