GKG Precision Machine Balance Sheet Health
Financial Health criteria checks 6/6
GKG Precision Machine has a total shareholder equity of CN¥1.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.3B and CN¥815.3M respectively. GKG Precision Machine's EBIT is CN¥18.6M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥1.0B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥1.05b |
| Equity | CN¥1.46b |
| Total liabilities | CN¥815.31m |
| Total assets | CN¥2.28b |
Recent financial health updates
No updates
Recent updates
There Might Be More To GKG Precision Machine's (SZSE:301338) Story Than Just Weak Earnings
Nov 06
GKG Precision Machine Co., Ltd.'s (SZSE:301338) P/E Is Still On The Mark Following 33% Share Price Bounce
Oct 16Weak Statutory Earnings May Not Tell The Whole Story For GKG Precision Machine (SZSE:301338)
May 03Financial Position Analysis
Short Term Liabilities: 301338's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥800.1M).
Long Term Liabilities: 301338's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥15.2M).
Debt to Equity History and Analysis
Debt Level: 301338 is debt free.
Reducing Debt: 301338 has no debt compared to 5 years ago when its debt to equity ratio was 29.9%.
Debt Coverage: 301338 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301338 has no debt, therefore coverage of interest payments is not a concern.