Guizhou Aviation Technical Development Balance Sheet Health
Financial Health criteria checks 4/6
Guizhou Aviation Technical Development has a total shareholder equity of CN¥1.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 77.4%. Its total assets and total liabilities are CN¥4.3B and CN¥2.4B respectively. Guizhou Aviation Technical Development's EBIT is CN¥203.0M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥882.6M.
Key information
77.4%
Debt to equity ratio
CN¥1.46b
Debt
| Interest coverage ratio | 8.5x |
| Cash | CN¥882.61m |
| Equity | CN¥1.89b |
| Total liabilities | CN¥2.40b |
| Total assets | CN¥4.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688239's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688239's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 688239's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: 688239's debt to equity ratio has increased from 68.1% to 77.4% over the past 5 years.
Debt Coverage: 688239's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: 688239's interest payments on its debt are well covered by EBIT (8.5x coverage).