Guoguang Electric Balance Sheet Health
Financial Health criteria checks 4/6
Guoguang Electric has a total shareholder equity of CN¥4.2B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are CN¥9.9B and CN¥5.7B respectively. Guoguang Electric's EBIT is CN¥220.3M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥2.9B.
Key information
68.8%
Debt to equity ratio
CN¥2.88b
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥2.86b |
| Equity | CN¥4.19b |
| Total liabilities | CN¥5.74b |
| Total assets | CN¥9.93b |
Recent financial health updates
We Think Guoguang Electric (SZSE:002045) Can Manage Its Debt With Ease
Nov 11
We Think Guoguang Electric (SZSE:002045) Can Manage Its Debt With Ease
Aug 08Recent updates
Guoguang Electric Company Limited (SZSE:002045) Surges 29% Yet Its Low P/E Is No Reason For Excitement
Nov 15We Think Guoguang Electric (SZSE:002045) Can Manage Its Debt With Ease
Nov 11Investors Don't See Light At End Of Guoguang Electric Company Limited's (SZSE:002045) Tunnel
Sep 30We Think Guoguang Electric (SZSE:002045) Can Manage Its Debt With Ease
Aug 08A Look At The Intrinsic Value Of Guoguang Electric Company Limited (SZSE:002045)
Jul 03Guoguang Electric (SZSE:002045) Is Looking To Continue Growing Its Returns On Capital
Jun 18We Think That There Are Issues Underlying Guoguang Electric's (SZSE:002045) Earnings
May 03Financial Position Analysis
Short Term Liabilities: 002045's short term assets (CN¥6.9B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 002045's short term assets (CN¥6.9B) exceed its long term liabilities (CN¥217.8M).
Debt to Equity History and Analysis
Debt Level: 002045's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 002045's debt to equity ratio has increased from 56.8% to 68.8% over the past 5 years.
Debt Coverage: 002045's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: 002045 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 23:53 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Guoguang Electric Company Limited is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| ZHIYUAN HE | Changjiang Securities Co. LTD. |
| Chen He | Chasing Securities |
| Wei He | China International Capital Corporation Limited |