Guangdong Topstar Technology Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Topstar Technology has a total shareholder equity of CN¥2.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 71.3%. Its total assets and total liabilities are CN¥7.1B and CN¥4.5B respectively. Guangdong Topstar Technology's EBIT is CN¥209.1M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥1.6B.
Key information
71.3%
Debt to equity ratio
CN¥1.80b
Debt
Interest coverage ratio | 5.4x |
Cash | CN¥1.59b |
Equity | CN¥2.53b |
Total liabilities | CN¥4.54b |
Total assets | CN¥7.08b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300607's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 300607's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 300607's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: 300607's debt to equity ratio has increased from 31.8% to 71.3% over the past 5 years.
Debt Coverage: 300607's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 300607's interest payments on its debt are well covered by EBIT (5.4x coverage).