Guangzhou Baiyun Electric Equipment Balance Sheet Health
Financial Health criteria checks 3/6
Guangzhou Baiyun Electric Equipment has a total shareholder equity of CN¥3.1B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥9.2B and CN¥6.1B respectively. Guangzhou Baiyun Electric Equipment's EBIT is CN¥173.5M making its interest coverage ratio 5.5. It has cash and short-term investments of CN¥598.1M.
Key information
68.7%
Debt to equity ratio
CN¥2.15b
Debt
Interest coverage ratio | 5.5x |
Cash | CN¥598.11m |
Equity | CN¥3.13b |
Total liabilities | CN¥6.08b |
Total assets | CN¥9.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603861's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 603861's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 603861's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: 603861's debt to equity ratio has increased from 44.1% to 68.7% over the past 5 years.
Debt Coverage: 603861's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603861's interest payments on its debt are well covered by EBIT (5.5x coverage).