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¥7.8B and total debt of CN¥879.4M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are CN¥14.9B and CN¥7.0B respectively. Guangdong Xinbao Electrical Appliances Holdings's EBIT is CN¥1.3B making its interest coverage ratio 63.8. It has cash and short-term investments of CN¥3.3B.
Key information
11.2%
Debt to equity ratio
CN¥879.38m
Debt
| Interest coverage ratio | 63.8x |
| Cash | CN¥3.30b |
| Equity | CN¥7.83b |
| Total liabilities | CN¥7.05b |
| Total assets | CN¥14.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002705's short term assets (CN¥8.2B) exceed its short term liabilities (CN¥6.6B).
Long Term Liabilities: 002705's short term assets (CN¥8.2B) exceed its long term liabilities (CN¥409.0M).
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 16% to 11.2% over the past 5 years.
Debt Coverage: 002705's debt is well covered by operating cash flow (178.5%).
Interest Coverage: 002705's interest payments on its debt are well covered by EBIT (63.8x coverage).