Guangdong Liantai Environmental ProtectionLtd Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Liantai Environmental ProtectionLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 179.7%. Its total assets and total liabilities are CN¥10.3B and CN¥7.0B respectively. Guangdong Liantai Environmental ProtectionLtd's EBIT is CN¥630.7M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥374.7M.
Key information
179.7%
Debt to equity ratio
CN¥5.96b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥374.66m |
| Equity | CN¥3.31b |
| Total liabilities | CN¥6.99b |
| Total assets | CN¥10.30b |
Financial Position Analysis
Short Term Liabilities: 603797's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 603797's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 603797's net debt to equity ratio (168.4%) is considered high.
Reducing Debt: 603797's debt to equity ratio has reduced from 206.3% to 179.7% over the past 5 years.
Debt Coverage: 603797's debt is not well covered by operating cash flow (6.3%).
Interest Coverage: 603797's interest payments on its debt are not well covered by EBIT (2.3x coverage).