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¥518.6M respectively. Guizhou Taiyong-Changzheng TechnologyLtd's EBIT is CN¥91.3M making its interest coverage ratio -10.2. It has cash and short-term investments of CN¥193.9M.
Key information
3.0%
Debt to equity ratio
CN¥32.79m
Debt
Interest coverage ratio | -10.2x |
Cash | CN¥193.91m |
Equity | CN¥1.08b |
Total liabilities | CN¥518.60m |
Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
Some Confidence Is Lacking In Guizhou Taiyong-Changzheng Technology Co.,Ltd. (SZSE:002927) As Shares Slide 30%
Jun 27Guizhou Taiyong-Changzheng TechnologyLtd (SZSE:002927) Is Paying Out A Larger Dividend Than Last Year
Jun 07Subdued Growth No Barrier To Guizhou Taiyong-Changzheng Technology Co.,Ltd. (SZSE:002927) With Shares Advancing 28%
May 13Subdued Growth No Barrier To Guizhou Taiyong-Changzheng Technology Co.,Ltd. (SZSE:002927) With Shares Advancing 25%
Mar 06Guizhou Taiyong-Changzheng TechnologyLtd (SZSE:002927) Might Be Having Difficulty Using Its Capital Effectively
Feb 27Financial Position Analysis
Short Term Liabilities: 002927's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥495.0M).
Long Term Liabilities: 002927's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥23.6M).
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 (356%).
Interest Coverage: 002927 earns more interest than it pays, so coverage of interest payments is not a concern.