Changgao Electric Group Balance Sheet Health
Financial Health criteria checks 6/6
Changgao Electric Group has a total shareholder equity of CN¥2.3B and total debt of CN¥146.3M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥3.4B and CN¥1.0B respectively. Changgao Electric Group's EBIT is CN¥212.0M making its interest coverage ratio -12.5. It has cash and short-term investments of CN¥1.0B.
Key information
6.3%
Debt to equity ratio
CN¥146.32m
Debt
| Interest coverage ratio | -12.5x |
| Cash | CN¥1.03b |
| Equity | CN¥2.34b |
| Total liabilities | CN¥1.02b |
| Total assets | CN¥3.35b |
Recent financial health updates
Is Changgao Electric Group (SZSE:002452) Using Too Much Debt?
Sep 30
We Think Changgao Electric Group (SZSE:002452) Can Manage Its Debt With Ease
Apr 24Recent updates
Is Changgao Electric Group (SZSE:002452) Using Too Much Debt?
Sep 30Changgao Electric Group Co., Ltd.'s (SZSE:002452) Prospects Need A Boost To Lift Shares
Aug 20Changgao Electric Group (SZSE:002452) Is Looking To Continue Growing Its Returns On Capital
Jun 17We Think Changgao Electric Group (SZSE:002452) Can Manage Its Debt With Ease
Apr 24Even With A 30% Surge, Cautious Investors Are Not Rewarding Changgao Electric Group Co., Ltd.'s (SZSE:002452) Performance Completely
Mar 04Financial Position Analysis
Short Term Liabilities: 002452's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥739.4M).
Long Term Liabilities: 002452's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥279.2M).
Debt to Equity History and Analysis
Debt Level: 002452 has more cash than its total debt.
Reducing Debt: 002452's debt to equity ratio has reduced from 28.9% to 6.3% over the past 5 years.
Debt Coverage: 002452's debt is well covered by operating cash flow (258.1%).
Interest Coverage: 002452 earns more interest than it pays, so coverage of interest payments is not a concern.