Guangdong Nedfon Air System Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Nedfon Air System has a total shareholder equity of CN¥854.3M and total debt of CN¥195.0M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are CN¥1.2B and CN¥311.3M respectively. Guangdong Nedfon Air System's EBIT is CN¥102.5M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥547.2M.
Key information
22.8%
Debt to equity ratio
CN¥195.00m
Debt
Interest coverage ratio | -7.3x |
Cash | CN¥547.17m |
Equity | CN¥854.29m |
Total liabilities | CN¥311.30m |
Total assets | CN¥1.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301043's short term assets (CN¥849.3M) exceed its short term liabilities (CN¥279.8M).
Long Term Liabilities: 301043's short term assets (CN¥849.3M) exceed its long term liabilities (CN¥31.5M).
Debt to Equity History and Analysis
Debt Level: 301043 has more cash than its total debt.
Reducing Debt: 301043's debt to equity ratio has increased from 0.4% to 22.8% over the past 5 years.
Debt Coverage: 301043's debt is well covered by operating cash flow (55.5%).
Interest Coverage: 301043 earns more interest than it pays, so coverage of interest payments is not a concern.