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¥3.7B and total debt of CN¥184.3M, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are CN¥4.3B and CN¥617.6M respectively.
Key information
5.0%
Debt to equity ratio
CN¥184.27m
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.15b |
Equity | CN¥3.70b |
Total liabilities | CN¥617.61m |
Total assets | CN¥4.32b |
Financial Position Analysis
Short Term Liabilities: 002678's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥533.6M).
Long Term Liabilities: 002678's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥84.0M).
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 9.4% to 5% 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.