Guizhou Tyre Co.,Ltd.

XSEC:000589 Stock Report

Market Cap: CN¥7.6b

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 ratio30.6x
CashCN¥3.50b
EquityCN¥8.77b
Total liabilitiesCN¥9.54b
Total assetsCN¥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 (30.6x coverage).


Balance Sheet


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