Guangdong Piano Customized Furniture Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Piano Customized Furniture has a total shareholder equity of CN¥1.3B and total debt of CN¥3.8M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥2.1B and CN¥744.5M respectively. Guangdong Piano Customized Furniture's EBIT is CN¥124.5M making its interest coverage ratio -32.4. It has cash and short-term investments of CN¥437.6M.
Key information
0.3%
Debt to equity ratio
CN¥3.83m
Debt
Interest coverage ratio | -32.4x |
Cash | CN¥437.58m |
Equity | CN¥1.34b |
Total liabilities | CN¥744.51m |
Total assets | CN¥2.08b |
Financial Position Analysis
Short Term Liabilities: 002853's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥688.3M).
Long Term Liabilities: 002853's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥56.2M).
Debt to Equity History and Analysis
Debt Level: 002853 has more cash than its total debt.
Reducing Debt: 002853's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 002853's debt is well covered by operating cash flow (4114.1%).
Interest Coverage: 002853 earns more interest than it pays, so coverage of interest payments is not a concern.