Guangdong Dongfang Precision Science & Technology Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Dongfang Precision Science & Technology has a total shareholder equity of CN¥4.8B and total debt of CN¥478.4M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥7.3B and CN¥2.6B respectively. Guangdong Dongfang Precision Science & Technology's EBIT is CN¥616.3M making its interest coverage ratio -54.2. It has cash and short-term investments of CN¥2.3B.
Key information
10.0%
Debt to equity ratio
CN¥478.44m
Debt
Interest coverage ratio | -54.2x |
Cash | CN¥2.30b |
Equity | CN¥4.76b |
Total liabilities | CN¥2.58b |
Total assets | CN¥7.35b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002611's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002611's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥348.0M).
Debt to Equity History and Analysis
Debt Level: 002611 has more cash than its total debt.
Reducing Debt: 002611's debt to equity ratio has reduced from 20% to 10% over the past 5 years.
Debt Coverage: 002611's debt is well covered by operating cash flow (81.2%).
Interest Coverage: 002611 earns more interest than it pays, so coverage of interest payments is not a concern.