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
No updates
Recent updates
Financial 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).