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¥861.2M making its interest coverage ratio 469.6. 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 | 469.6x |
| Cash | CN¥3.50b |
| Equity | CN¥8.77b |
| Total liabilities | CN¥9.54b |
| Total assets | CN¥18.31b |
Recent financial health updates
No updates
Recent updates
Financial 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 (469.6x coverage).