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¥668.4M and total debt of CN¥121.7M, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are CN¥2.2B and CN¥1.5B respectively. Guangzhou Tech-Long Packaging MachineryLtd's EBIT is CN¥14.6M making its interest coverage ratio 11.4. It has cash and short-term investments of CN¥424.0M.
Key information
18.2%
Debt to equity ratio
CN¥121.68m
Debt
| Interest coverage ratio | 11.4x |
| Cash | CN¥423.98m |
| Equity | CN¥668.38m |
| Total liabilities | CN¥1.50b |
| Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Guangzhou Tech-Long Packaging MachineryLtd (SZSE:002209) Might Have The Makings Of A Multi-Bagger
Aug 07
We 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¥1.7B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002209's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥102.5M).
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 39.8% to 18.2% over the past 5 years.
Debt Coverage: 002209's debt is well covered by operating cash flow (170.6%).
Interest Coverage: 002209's interest payments on its debt are well covered by EBIT (11.4x coverage).