Guangdong Guanghong HoldingsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Guanghong HoldingsLtd has a total shareholder equity of CN¥3.2B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 90.7%. Its total assets and total liabilities are CN¥7.1B and CN¥3.9B respectively. Guangdong Guanghong HoldingsLtd's EBIT is CN¥23.1M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥3.5B.
Key information
90.7%
Debt to equity ratio
CN¥2.89b
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥3.55b |
Equity | CN¥3.18b |
Total liabilities | CN¥3.89b |
Total assets | CN¥7.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000529's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 000529's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 000529 has more cash than its total debt.
Reducing Debt: 000529's debt to equity ratio has increased from 0% to 90.7% over the past 5 years.
Debt Coverage: 000529's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 000529 earns more interest than it pays, so coverage of interest payments is not a concern.