Guangdong Xinbao Electrical Appliances Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Xinbao Electrical Appliances Holdings has a total shareholder equity of CN¥7.9B and total debt of CN¥964.8M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥13.9B and CN¥6.0B respectively. Guangdong Xinbao Electrical Appliances Holdings's EBIT is CN¥1.3B making its interest coverage ratio -314.1. It has cash and short-term investments of CN¥3.5B.
Key information
12.2%
Debt to equity ratio
CN¥964.78m
Debt
Interest coverage ratio | -314.1x |
Cash | CN¥3.47b |
Equity | CN¥7.93b |
Total liabilities | CN¥6.00b |
Total assets | CN¥13.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002705's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 002705's short term assets (CN¥7.4B) exceed its long term liabilities (CN¥215.1M).
Debt to Equity History and Analysis
Debt Level: 002705 has more cash than its total debt.
Reducing Debt: 002705's debt to equity ratio has reduced from 13.1% to 12.2% over the past 5 years.
Debt Coverage: 002705's debt is well covered by operating cash flow (195.3%).
Interest Coverage: 002705 earns more interest than it pays, so coverage of interest payments is not a concern.