Guangdong TCL Smart Home Appliances Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong TCL Smart Home Appliances has a total shareholder equity of CN¥3.5B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are CN¥14.4B and CN¥10.9B respectively. Guangdong TCL Smart Home Appliances's EBIT is CN¥2.0B making its interest coverage ratio -27.2. It has cash and short-term investments of CN¥4.0B.
Key information
29.4%
Debt to equity ratio
CN¥1.02b
Debt
| Interest coverage ratio | -27.2x |
| Cash | CN¥3.98b |
| Equity | CN¥3.47b |
| Total liabilities | CN¥10.90b |
| Total assets | CN¥14.37b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002668's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥10.5B).
Long Term Liabilities: 002668's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥394.7M).
Debt to Equity History and Analysis
Debt Level: 002668 has more cash than its total debt.
Reducing Debt: 002668's debt to equity ratio has reduced from 101.9% to 29.4% over the past 5 years.
Debt Coverage: 002668's debt is well covered by operating cash flow (199.3%).
Interest Coverage: 002668 earns more interest than it pays, so coverage of interest payments is not a concern.