Jiangxi Guoke Defence GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangxi Guoke Defence GroupLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥80.3M, which brings its debt-to-equity ratio to 3.6%. Its total assets and total liabilities are CN¥3.0B and CN¥735.4M respectively. Jiangxi Guoke Defence GroupLtd's EBIT is CN¥178.2M making its interest coverage ratio -13.7. It has cash and short-term investments of CN¥1.5B.
Key information
3.6%
Debt to equity ratio
CN¥80.26m
Debt
| Interest coverage ratio | -13.7x |
| Cash | CN¥1.46b |
| Equity | CN¥2.25b |
| Total liabilities | CN¥735.36m |
| Total assets | CN¥2.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688543's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥669.4M).
Long Term Liabilities: 688543's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥66.0M).
Debt to Equity History and Analysis
Debt Level: 688543 has more cash than its total debt.
Reducing Debt: 688543's debt to equity ratio has reduced from 80.9% to 3.6% over the past 5 years.
Debt Coverage: 688543's debt is well covered by operating cash flow (509.6%).
Interest Coverage: 688543 earns more interest than it pays, so coverage of interest payments is not a concern.