Guangzhou Pearl River Piano GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangzhou Pearl River Piano GroupLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥131.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥4.1B and CN¥528.8M respectively.
Key information
3.7%
Debt to equity ratio
CN¥131.32m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥906.34m |
| Equity | CN¥3.58b |
| Total liabilities | CN¥528.82m |
| Total assets | CN¥4.11b |
Financial Position Analysis
Short Term Liabilities: 002678's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥380.9M).
Long Term Liabilities: 002678's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥147.9M).
Debt to Equity History and Analysis
Debt Level: 002678 has more cash than its total debt.
Reducing Debt: 002678's debt to equity ratio has reduced from 12.2% to 3.7% over the past 5 years.
Debt Coverage: 002678's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002678's interest payments on its debt are well covered by EBIT.