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¥4.6B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 180.9%. Its total assets and total liabilities are CN¥16.2B and CN¥11.6B respectively. CECEP Guozhen Environmental Protection Technology's EBIT is CN¥774.9M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥783.9M.
Key information
180.9%
Debt to equity ratio
CN¥8.32b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥783.88m |
| Equity | CN¥4.60b |
| Total liabilities | CN¥11.57b |
| Total assets | CN¥16.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300388's short term assets (CN¥5.5B) do not cover its short term liabilities (CN¥5.6B).
Long Term Liabilities: 300388's short term assets (CN¥5.5B) do not cover its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 300388's net debt to equity ratio (163.9%) is considered high.
Reducing Debt: 300388's debt to equity ratio has reduced from 255.2% to 180.9% over the past 5 years.
Debt Coverage: 300388's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: 300388's interest payments on its debt are well covered by EBIT (3.2x coverage).