Guangdong KinLong Hardware ProductsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong KinLong Hardware ProductsLtd has a total shareholder equity of CN¥5.3B and total debt of CN¥180.7M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CN¥9.0B and CN¥3.7B respectively. Guangdong KinLong Hardware ProductsLtd's EBIT is CN¥418.8M making its interest coverage ratio 27.1. It has cash and short-term investments of CN¥781.1M.
Key information
3.4%
Debt to equity ratio
CN¥180.72m
Debt
Interest coverage ratio | 27.1x |
Cash | CN¥781.14m |
Equity | CN¥5.28b |
Total liabilities | CN¥3.70b |
Total assets | CN¥8.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002791's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 002791's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥325.3M).
Debt to Equity History and Analysis
Debt Level: 002791 has more cash than its total debt.
Reducing Debt: 002791's debt to equity ratio has reduced from 14.5% to 3.4% over the past 5 years.
Debt Coverage: 002791's debt is well covered by operating cash flow (137.4%).
Interest Coverage: 002791's interest payments on its debt are well covered by EBIT (27.1x coverage).