Guangzhou Haozhi IndustrialLtd Balance Sheet Health
Financial Health criteria checks 2/6
Guangzhou Haozhi IndustrialLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥752.7M, which brings its debt-to-equity ratio to 65.4%. Its total assets and total liabilities are CN¥2.6B and CN¥1.5B respectively. Guangzhou Haozhi IndustrialLtd's EBIT is CN¥32.3M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥73.9M.
Key information
65.4%
Debt to equity ratio
CN¥752.72m
Debt
Interest coverage ratio | 0.8x |
Cash | CN¥73.95m |
Equity | CN¥1.15b |
Total liabilities | CN¥1.47b |
Total assets | CN¥2.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300503's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥930.0M).
Long Term Liabilities: 300503's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥535.1M).
Debt to Equity History and Analysis
Debt Level: 300503's net debt to equity ratio (59%) is considered high.
Reducing Debt: 300503's debt to equity ratio has increased from 26.5% to 65.4% over the past 5 years.
Debt Coverage: 300503's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 300503's interest payments on its debt are not well covered by EBIT (0.8x coverage).