Guangdong Kingstrong Technology Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Kingstrong Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥41.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥2.0B and CN¥291.7M respectively. Guangdong Kingstrong Technology's EBIT is CN¥219.8M making its interest coverage ratio -536.4. It has cash and short-term investments of CN¥246.9M.
Key information
2.4%
Debt to equity ratio
CN¥41.15m
Debt
| Interest coverage ratio | -536.4x |
| Cash | CN¥246.87m |
| Equity | CN¥1.69b |
| Total liabilities | CN¥291.69m |
| Total assets | CN¥1.99b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Some Issues For Guangdong Kingstrong Technology (SZSE:300629) Beyond Its Promising Earnings
May 01
The Return Trends At Guangdong Kingstrong Technology (SZSE:300629) Look Promising
Apr 27The Market Lifts Guangdong Kingstrong Technology Co., Ltd. (SZSE:300629) Shares 37% But It Can Do More
Mar 06Financial Position Analysis
Short Term Liabilities: 300629's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥165.2M).
Long Term Liabilities: 300629's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥126.5M).
Debt to Equity History and Analysis
Debt Level: 300629 has more cash than its total debt.
Reducing Debt: 300629's debt to equity ratio has reduced from 22.7% to 2.4% over the past 5 years.
Debt Coverage: 300629's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300629 earns more interest than it pays, so coverage of interest payments is not a concern.