Guangdong Construction Engineering Group Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Construction Engineering Group has a total shareholder equity of CN¥14.1B and total debt of CN¥31.8B, which brings its debt-to-equity ratio to 225.1%. Its total assets and total liabilities are CN¥133.4B and CN¥119.2B respectively. Guangdong Construction Engineering Group's EBIT is CN¥2.6B making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥21.4B.
Key information
225.1%
Debt to equity ratio
CN¥31.84b
Debt
Interest coverage ratio | 4.8x |
Cash | CN¥21.38b |
Equity | CN¥14.15b |
Total liabilities | CN¥119.24b |
Total assets | CN¥133.39b |
Financial Position Analysis
Short Term Liabilities: 002060's short term assets (CN¥96.1B) do not cover its short term liabilities (CN¥96.6B).
Long Term Liabilities: 002060's short term assets (CN¥96.1B) exceed its long term liabilities (CN¥22.7B).
Debt to Equity History and Analysis
Debt Level: 002060's net debt to equity ratio (73.9%) is considered high.
Reducing Debt: 002060's debt to equity ratio has reduced from 328.5% to 225.1% over the past 5 years.
Debt Coverage: 002060's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: 002060's interest payments on its debt are well covered by EBIT (4.8x coverage).