GoodWe Technologies Balance Sheet Health
Financial Health criteria checks 6/6
GoodWe Technologies has a total shareholder equity of CN¥3.1B and total debt of CN¥314.3M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥6.8B and CN¥3.7B respectively. GoodWe Technologies's EBIT is CN¥434.2M making its interest coverage ratio -42.4. It has cash and short-term investments of CN¥906.9M.
Key information
10.2%
Debt to equity ratio
CN¥314.25m
Debt
Interest coverage ratio | -42.4x |
Cash | CN¥906.88m |
Equity | CN¥3.08b |
Total liabilities | CN¥3.72b |
Total assets | CN¥6.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688390's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 688390's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥515.4M).
Debt to Equity History and Analysis
Debt Level: 688390 has more cash than its total debt.
Reducing Debt: 688390's debt to equity ratio has reduced from 18.2% to 10.2% over the past 5 years.
Debt Coverage: 688390's debt is well covered by operating cash flow (67.9%).
Interest Coverage: 688390 earns more interest than it pays, so coverage of interest payments is not a concern.