Kuangda Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Kuangda Technology Group has a total shareholder equity of CN¥3.7B and total debt of CN¥18.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥4.4B and CN¥685.7M respectively. Kuangda Technology Group's EBIT is CN¥236.2M making its interest coverage ratio -28.1. It has cash and short-term investments of CN¥787.8M.
Key information
0.5%
Debt to equity ratio
CN¥18.42m
Debt
Interest coverage ratio | -28.1x |
Cash | CN¥787.81m |
Equity | CN¥3.67b |
Total liabilities | CN¥685.68m |
Total assets | CN¥4.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002516's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥594.7M).
Long Term Liabilities: 002516's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥91.0M).
Debt to Equity History and Analysis
Debt Level: 002516 has more cash than its total debt.
Reducing Debt: 002516's debt to equity ratio has increased from 0% to 0.5% over the past 5 years.
Debt Coverage: 002516's debt is well covered by operating cash flow (1052.2%).
Interest Coverage: 002516 earns more interest than it pays, so coverage of interest payments is not a concern.