Guangzhou Tech-Long Packaging MachineryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Tech-Long Packaging MachineryLtd has a total shareholder equity of CN¥688.6M and total debt of CN¥152.1M, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are CN¥2.5B and CN¥1.8B respectively. Guangzhou Tech-Long Packaging MachineryLtd's EBIT is CN¥43.3M making its interest coverage ratio -42. It has cash and short-term investments of CN¥575.4M.
Key information
22.1%
Debt to equity ratio
CN¥152.12m
Debt
| Interest coverage ratio | -42x |
| Cash | CN¥575.36m |
| Equity | CN¥688.57m |
| Total liabilities | CN¥1.76b |
| Total assets | CN¥2.45b |
Recent financial health updates
No updates
Recent updates
Do Guangzhou Tech-Long Packaging MachineryLtd's (SZSE:002209) Earnings Warrant Your Attention?
Oct 01
Guangzhou Tech-Long Packaging MachineryLtd (SZSE:002209) Might Have The Makings Of A Multi-Bagger
Aug 07We Think Guangzhou Tech-Long Packaging MachineryLtd's (SZSE:002209) Profit Is Only A Baseline For What They Can Achieve
Apr 18Improved Revenues Required Before Guangzhou Tech-Long Packaging Machinery Co.,Ltd. (SZSE:002209) Stock's 36% Jump Looks Justified
Mar 01Capital Allocation Trends At Guangzhou Tech-Long Packaging MachineryLtd (SZSE:002209) Aren't Ideal
Feb 28Financial Position Analysis
Short Term Liabilities: 002209's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002209's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥115.8M).
Debt to Equity History and Analysis
Debt Level: 002209 has more cash than its total debt.
Reducing Debt: 002209's debt to equity ratio has reduced from 38.5% to 22.1% over the past 5 years.
Debt Coverage: 002209's debt is well covered by operating cash flow (173.3%).
Interest Coverage: 002209 earns more interest than it pays, so coverage of interest payments is not a concern.