Guizhou TyreLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guizhou TyreLtd has a total shareholder equity of CN¥7.6B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 64.5%. Its total assets and total liabilities are CN¥17.9B and CN¥10.2B respectively. Guizhou TyreLtd's EBIT is CN¥1.1B making its interest coverage ratio 30.3. It has cash and short-term investments of CN¥3.1B.
Key information
64.5%
Debt to equity ratio
CN¥4.93b
Debt
| Interest coverage ratio | 30.3x |
| Cash | CN¥3.14b |
| Equity | CN¥7.64b |
| Total liabilities | CN¥10.23b |
| Total assets | CN¥17.87b |
Recent financial health updates
Recent updates
We Think Guizhou TyreLtd (SZSE:000589) Can Stay On Top Of Its Debt
Aug 22
Guizhou 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¥8.4B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 000589's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 000589's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: 000589's debt to equity ratio has reduced from 103.3% to 64.5% over the past 5 years.
Debt Coverage: 000589's debt is well covered by operating cash flow (39.7%).
Interest Coverage: 000589's interest payments on its debt are well covered by EBIT (30.3x coverage).