Guizhou Taiyong-Changzheng TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guizhou Taiyong-Changzheng TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥32.8M, which brings its debt-to-equity ratio to 3%. Its total assets and total liabilities are CN¥1.6B and CN¥473.8M respectively. Guizhou Taiyong-Changzheng TechnologyLtd's EBIT is CN¥93.5M making its interest coverage ratio -10.4. It has cash and short-term investments of CN¥203.2M.
Key information
3.0%
Debt to equity ratio
CN¥32.78m
Debt
| Interest coverage ratio | -10.4x |
| Cash | CN¥203.25m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥473.84m |
| Total assets | CN¥1.58b |
Financial Position Analysis
Short Term Liabilities: 002927's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥450.3M).
Long Term Liabilities: 002927's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥23.5M).
Debt to Equity History and Analysis
Debt Level: 002927 has more cash than its total debt.
Reducing Debt: 002927's debt to equity ratio has increased from 0% to 3% over the past 5 years.
Debt Coverage: 002927's debt is well covered by operating cash flow (428.8%).
Interest Coverage: 002927 earns more interest than it pays, so coverage of interest payments is not a concern.