Guangzhou Development Group Balance Sheet Health
Financial Health criteria checks 1/6
Guangzhou Development Group has a total shareholder equity of CN¥29.4B and total debt of CN¥36.2B, which brings its debt-to-equity ratio to 123.3%. Its total assets and total liabilities are CN¥78.1B and CN¥48.8B respectively. Guangzhou Development Group's EBIT is CN¥3.4B making its interest coverage ratio 4. It has cash and short-term investments of CN¥8.5B.
Key information
123.3%
Debt to equity ratio
CN¥36.25b
Debt
| Interest coverage ratio | 4x |
| Cash | CN¥8.54b |
| Equity | CN¥29.39b |
| Total liabilities | CN¥48.75b |
| Total assets | CN¥78.14b |
Recent financial health updates
Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?
May 28
Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?
Feb 28Recent updates
Returns At Guangzhou Development Group (SHSE:600098) Are On The Way Up
Nov 22Earnings Working Against Guangzhou Development Group Incorporated's (SHSE:600098) Share Price
Oct 01Guangzhou Development Group (SHSE:600098) Has Some Way To Go To Become A Multi-Bagger
Jul 29Guangzhou Development Group (SHSE:600098) Will Pay A Larger Dividend Than Last Year At CN¥0.25
Jun 21Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?
May 28Fewer Investors Than Expected Jumping On Guangzhou Development Group Incorporated (SHSE:600098)
Apr 02Does Guangzhou Development Group (SHSE:600098) Have A Healthy Balance Sheet?
Feb 28Financial Position Analysis
Short Term Liabilities: 600098's short term assets (CN¥17.2B) do not cover its short term liabilities (CN¥18.3B).
Long Term Liabilities: 600098's short term assets (CN¥17.2B) do not cover its long term liabilities (CN¥30.4B).
Debt to Equity History and Analysis
Debt Level: 600098's net debt to equity ratio (94.3%) is considered high.
Reducing Debt: 600098's debt to equity ratio has increased from 75.2% to 123.3% over the past 5 years.
Debt Coverage: 600098's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 600098's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 23:26 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Guangzhou Development Group Incorporated is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Junhua CHEN | China International Capital Corporation Limited |
| Ning Li | China Stock Investment Research Co. Ltd. (GZ500..com) |
| Shuwei Chen | Everbright Securities Co. Ltd. |