Guangdong Vanward New Electric Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Vanward New Electric has a total shareholder equity of CN¥4.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥8.9B and CN¥4.3B respectively. Guangdong Vanward New Electric's EBIT is CN¥802.2M making its interest coverage ratio -45.1. It has cash and short-term investments of CN¥3.7B.
Key information
22.7%
Debt to equity ratio
CN¥1.06b
Debt
| Interest coverage ratio | -45.1x |
| Cash | CN¥3.66b |
| Equity | CN¥4.70b |
| Total liabilities | CN¥4.25b |
| Total assets | CN¥8.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002543's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 002543's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥58.1M).
Debt to Equity History and Analysis
Debt Level: 002543 has more cash than its total debt.
Reducing Debt: 002543's debt to equity ratio has increased from 18.4% to 22.7% over the past 5 years.
Debt Coverage: 002543's debt is well covered by operating cash flow (117.7%).
Interest Coverage: 002543 earns more interest than it pays, so coverage of interest payments is not a concern.