Guangzhou Zhiguang ElectricLtd Balance Sheet Health
Financial Health criteria checks 3/6
Guangzhou Zhiguang ElectricLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 63.2%. Its total assets and total liabilities are CN¥8.5B and CN¥5.2B respectively.
Key information
63.2%
Debt to equity ratio
CN¥2.05b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.02b |
Equity | CN¥3.25b |
Total liabilities | CN¥5.23b |
Total assets | CN¥8.48b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002169's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 002169's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002169's net debt to equity ratio (31.7%) is considered satisfactory.
Reducing Debt: 002169's debt to equity ratio has increased from 40.2% to 63.2% over the past 5 years.
Debt Coverage: 002169's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002169's interest payments on its debt are well covered by EBIT.