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¥651.9M and total debt of CN¥160.3M, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥2.1B and CN¥1.5B respectively. Guangzhou Tech-Long Packaging MachineryLtd's EBIT is CN¥33.2M making its interest coverage ratio 7.5. It has cash and short-term investments of CN¥390.4M.
Key information
24.6%
Debt to equity ratio
CN¥160.34m
Debt
| Interest coverage ratio | 7.5x |
| Cash | CN¥390.44m |
| Equity | CN¥651.92m |
| Total liabilities | CN¥1.47b |
| Total assets | CN¥2.12b |
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¥1.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002209's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥121.3M).
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 35.3% to 24.6% over the past 5 years.
Debt Coverage: 002209's debt is well covered by operating cash flow (171.6%).
Interest Coverage: 002209's interest payments on its debt are well covered by EBIT (7.5x coverage).