Guoguang Electric Balance Sheet Health
Financial Health criteria checks 6/6
Guoguang Electric has a total shareholder equity of CN¥4.0B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are CN¥7.2B and CN¥3.2B respectively. Guoguang Electric's EBIT is CN¥181.0M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥2.8B.
Key information
39.4%
Debt to equity ratio
CN¥1.57b
Debt
Interest coverage ratio | -1.5x |
Cash | CN¥2.79b |
Equity | CN¥3.97b |
Total liabilities | CN¥3.22b |
Total assets | CN¥7.19b |
Recent financial health updates
Recent updates
We 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¥4.9B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002045's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥258.2M).
Debt to Equity History and Analysis
Debt Level: 002045 has more cash than its total debt.
Reducing Debt: 002045's debt to equity ratio has reduced from 110.8% to 39.4% over the past 5 years.
Debt Coverage: 002045's debt is well covered by operating cash flow (51.4%).
Interest Coverage: 002045 earns more interest than it pays, so coverage of interest payments is not a concern.