CECEP Guozhen Environmental Protection Technology Balance Sheet Health
Financial Health criteria checks 2/6
CECEP Guozhen Environmental Protection Technology has a total shareholder equity of CN¥4.7B and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 187.5%. Its total assets and total liabilities are CN¥16.6B and CN¥11.9B respectively. CECEP Guozhen Environmental Protection Technology's EBIT is CN¥778.8M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥1.1B.
Key information
187.5%
Debt to equity ratio
CN¥8.75b
Debt
| Interest coverage ratio | 3.4x |
| Cash | CN¥1.14b |
| Equity | CN¥4.66b |
| Total liabilities | CN¥11.93b |
| Total assets | CN¥16.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300388's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 300388's short term assets (CN¥5.9B) do not cover its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 300388's net debt to equity ratio (163%) is considered high.
Reducing Debt: 300388's debt to equity ratio has increased from 179.6% to 187.5% over the past 5 years.
Debt Coverage: 300388's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 300388's interest payments on its debt are well covered by EBIT (3.4x coverage).