Gaona Aero Material Balance Sheet Health
Financial Health criteria checks 5/6
Gaona Aero Material has a total shareholder equity of CN¥3.9B and total debt of CN¥653.6M, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are CN¥7.2B and CN¥3.3B respectively. Gaona Aero Material's EBIT is CN¥550.5M making its interest coverage ratio 29.5. It has cash and short-term investments of CN¥547.2M.
Key information
16.9%
Debt to equity ratio
CN¥653.56m
Debt
Interest coverage ratio | 29.5x |
Cash | CN¥547.23m |
Equity | CN¥3.86b |
Total liabilities | CN¥3.35b |
Total assets | CN¥7.20b |
Recent financial health updates
Recent updates
Gaona Aero Material's (SZSE:300034) Returns On Capital Are Heading Higher
Jul 23Gaona Aero Material (SZSE:300034) Has Announced That Its Dividend Will Be Reduced To CN¥0.124
Jul 05Gaona Aero Material Co., Ltd.'s (SZSE:300034) Intrinsic Value Is Potentially 56% Above Its Share Price
May 27Gaona Aero Material Co., Ltd.'s (SZSE:300034) Price Is Out Of Tune With Earnings
May 09Does Gaona Aero Material (SZSE:300034) Have A Healthy Balance Sheet?
Apr 24If EPS Growth Is Important To You, Gaona Aero Material (SZSE:300034) Presents An Opportunity
Apr 11Gaona Aero Material's (SZSE:300034) Returns On Capital Are Heading Higher
Feb 27Financial Position Analysis
Short Term Liabilities: 300034's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 300034's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥612.4M).
Debt to Equity History and Analysis
Debt Level: 300034's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 300034's debt to equity ratio has increased from 4.1% to 16.9% over the past 5 years.
Debt Coverage: 300034's debt is well covered by operating cash flow (87.1%).
Interest Coverage: 300034's interest payments on its debt are well covered by EBIT (29.5x coverage).