Guoguang ElectricLtd.Chengdu Balance Sheet Health
Financial Health criteria checks 5/6
Guoguang ElectricLtd.Chengdu has a total shareholder equity of CN¥1.9B and total debt of CN¥106.2M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥2.4B and CN¥519.5M respectively. Guoguang ElectricLtd.Chengdu's EBIT is CN¥75.8M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥987.3M.
Key information
5.7%
Debt to equity ratio
CN¥106.21m
Debt
Interest coverage ratio | -4.4x |
Cash | CN¥987.26m |
Equity | CN¥1.87b |
Total liabilities | CN¥519.48m |
Total assets | CN¥2.39b |
Recent financial health updates
Recent updates
Guoguang Electric Co.,Ltd.Chengdu's (SHSE:688776) Earnings Haven't Escaped The Attention Of Investors
Jun 21Guoguang ElectricLtd.Chengdu's (SHSE:688776) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 22We Think Guoguang ElectricLtd.Chengdu (SHSE:688776) Can Stay On Top Of Its Debt
Mar 26Revenues Tell The Story For Guoguang Electric Co.,Ltd.Chengdu (SHSE:688776) As Its Stock Soars 27%
Mar 04Financial Position Analysis
Short Term Liabilities: 688776's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥409.7M).
Long Term Liabilities: 688776's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥109.7M).
Debt to Equity History and Analysis
Debt Level: 688776 has more cash than its total debt.
Reducing Debt: 688776's debt to equity ratio has increased from 4.4% to 5.7% over the past 5 years.
Debt Coverage: 688776's debt is well covered by operating cash flow (120.6%).
Interest Coverage: 688776 earns more interest than it pays, so coverage of interest payments is not a concern.