Guangdong Chant Group Balance Sheet Health
Financial Health criteria checks 1/6
Guangdong Chant Group has a total shareholder equity of CN¥2.7B and total debt of CN¥6.5B, which brings its debt-to-equity ratio to 237.5%. Its total assets and total liabilities are CN¥10.8B and CN¥8.1B respectively. Guangdong Chant Group's EBIT is CN¥576.8M making its interest coverage ratio 2. It has cash and short-term investments of CN¥1.1B.
Key information
237.5%
Debt to equity ratio
CN¥6.46b
Debt
Interest coverage ratio | 2x |
Cash | CN¥1.07b |
Equity | CN¥2.72b |
Total liabilities | CN¥8.06b |
Total assets | CN¥10.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002616's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 002616's short term assets (CN¥4.3B) do not cover its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 002616's net debt to equity ratio (198.3%) is considered high.
Reducing Debt: 002616's debt to equity ratio has increased from 93.5% to 237.5% over the past 5 years.
Debt Coverage: 002616's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 002616's interest payments on its debt are not well covered by EBIT (2x coverage).