Guangdong Liantai Environmental ProtectionLtd Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Liantai Environmental ProtectionLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 199.5%. Its total assets and total liabilities are CN¥10.4B and CN¥7.3B respectively. Guangdong Liantai Environmental ProtectionLtd's EBIT is CN¥541.0M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥500.0M.
Key information
199.5%
Debt to equity ratio
CN¥6.27b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥499.99m |
| Equity | CN¥3.14b |
| Total liabilities | CN¥7.30b |
| Total assets | CN¥10.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603797's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603797's short term assets (CN¥1.9B) do not cover its long term liabilities (CN¥5.5B).
Debt to Equity History and Analysis
Debt Level: 603797's net debt to equity ratio (183.6%) is considered high.
Reducing Debt: 603797's debt to equity ratio has reduced from 201.1% to 199.5% over the past 5 years.
Debt Coverage: 603797's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603797's interest payments on its debt are not well covered by EBIT (2.1x coverage).