Gree Electric Appliances of Zhuhai Balance Sheet Health
Financial Health criteria checks 5/6
Gree Electric Appliances of Zhuhai has a total shareholder equity of CN¥125.4B and total debt of CN¥92.8B, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are CN¥380.8B and CN¥255.4B respectively. Gree Electric Appliances of Zhuhai's EBIT is CN¥27.7B making its interest coverage ratio -6. It has cash and short-term investments of CN¥132.9B.
Key information
74.0%
Debt to equity ratio
CN¥92.80b
Debt
| Interest coverage ratio | -6x |
| Cash | CN¥132.93b |
| Equity | CN¥125.37b |
| Total liabilities | CN¥255.45b |
| Total assets | CN¥380.81b |
Recent financial health updates
We Think Gree Electric Appliances of Zhuhai (SZSE:000651) Can Stay On Top Of Its Debt
Jun 03
Is Gree Electric Appliances of Zhuhai (SZSE:000651) A Risky Investment?
Feb 27Recent updates
We Think Gree Electric Appliances of Zhuhai (SZSE:000651) Can Stay On Top Of Its Debt
Jun 03Gree Electric Appliances, Inc. of Zhuhai's (SZSE:000651) Shares Lagging The Market But So Is The Business
May 21Gree Electric Appliances of Zhuhai (SZSE:000651) Will Want To Turn Around Its Return Trends
May 01Gree Electric Appliances, Inc. of Zhuhai (SZSE:000651) Shares Could Be 24% Below Their Intrinsic Value Estimate
Mar 29Is Gree Electric Appliances of Zhuhai (SZSE:000651) A Risky Investment?
Feb 27Financial Position Analysis
Short Term Liabilities: 000651's short term assets (CN¥235.3B) exceed its short term liabilities (CN¥209.0B).
Long Term Liabilities: 000651's short term assets (CN¥235.3B) exceed its long term liabilities (CN¥46.4B).
Debt to Equity History and Analysis
Debt Level: 000651 has more cash than its total debt.
Reducing Debt: 000651's debt to equity ratio has increased from 21.7% to 74% over the past 5 years.
Debt Coverage: 000651's debt is well covered by operating cash flow (41.4%).
Interest Coverage: 000651 earns more interest than it pays, so coverage of interest payments is not a concern.