Gree Electric Appliances of Zhuhai Balance Sheet Health
Financial Health criteria checks 5/6
Gree Electric Appliances of Zhuhai has a total shareholder equity of CN¥121.4B and total debt of CN¥88.4B, which brings its debt-to-equity ratio to 72.9%. Its total assets and total liabilities are CN¥384.6B and CN¥263.2B respectively. Gree Electric Appliances of Zhuhai's EBIT is CN¥29.0B making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥158.2B.
Key information
72.9%
Debt to equity ratio
CN¥88.45b
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥158.24b |
| Equity | CN¥121.39b |
| Total liabilities | CN¥263.16b |
| Total assets | CN¥384.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000651's short term assets (CN¥234.3B) exceed its short term liabilities (CN¥228.2B).
Long Term Liabilities: 000651's short term assets (CN¥234.3B) exceed its long term liabilities (CN¥35.0B).
Debt to Equity History and Analysis
Debt Level: 000651 has more cash than its total debt.
Reducing Debt: 000651's debt to equity ratio has increased from 21.6% to 72.9% over the past 5 years.
Debt Coverage: 000651's debt is well covered by operating cash flow (34.7%).
Interest Coverage: 000651 earns more interest than it pays, so coverage of interest payments is not a concern.