Guangzhou Development Group Balance Sheet Health
Financial Health criteria checks 1/6
Guangzhou Development Group has a total shareholder equity of CN¥28.8B and total debt of CN¥34.5B, which brings its debt-to-equity ratio to 119.7%. Its total assets and total liabilities are CN¥75.6B and CN¥46.8B respectively. Guangzhou Development Group's EBIT is CN¥3.2B making its interest coverage ratio 5.3. It has cash and short-term investments of CN¥4.9B.
Key information
119.7%
Debt to equity ratio
CN¥34.48b
Debt
Interest coverage ratio | 5.3x |
Cash | CN¥4.94b |
Equity | CN¥28.81b |
Total liabilities | CN¥46.83b |
Total assets | CN¥75.64b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600098's short term assets (CN¥15.9B) do not cover its short term liabilities (CN¥19.3B).
Long Term Liabilities: 600098's short term assets (CN¥15.9B) do not cover its long term liabilities (CN¥27.5B).
Debt to Equity History and Analysis
Debt Level: 600098's net debt to equity ratio (102.5%) is considered high.
Reducing Debt: 600098's debt to equity ratio has increased from 68.6% to 119.7% over the past 5 years.
Debt Coverage: 600098's debt is not well covered by operating cash flow (8.2%).
Interest Coverage: 600098's interest payments on its debt are well covered by EBIT (5.3x coverage).