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¥8.1B and total debt of CN¥854.5M, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are CN¥15.4B and CN¥7.2B respectively. Guangdong Xinbao Electrical Appliances Holdings's EBIT is CN¥1.3B making its interest coverage ratio 46.8. It has cash and short-term investments of CN¥3.2B.
Key information
10.5%
Debt to equity ratio
CN¥854.51m
Debt
| Interest coverage ratio | 46.8x |
| Cash | CN¥3.22b |
| Equity | CN¥8.12b |
| Total liabilities | CN¥7.24b |
| Total assets | CN¥15.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002705's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 002705's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥357.1M).
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 11.6% to 10.5% over the past 5 years.
Debt Coverage: 002705's debt is well covered by operating cash flow (177.7%).
Interest Coverage: 002705's interest payments on its debt are well covered by EBIT (46.8x coverage).