Guangdong Haid Group Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Haid Group has a total shareholder equity of CN¥21.1B and total debt of CN¥7.2B, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are CN¥45.1B and CN¥24.0B respectively. Guangdong Haid Group's EBIT is CN¥4.2B making its interest coverage ratio 36.3. It has cash and short-term investments of CN¥4.6B.
Key information
34.4%
Debt to equity ratio
CN¥7.25b
Debt
Interest coverage ratio | 36.3x |
Cash | CN¥4.60b |
Equity | CN¥21.09b |
Total liabilities | CN¥23.98b |
Total assets | CN¥45.07b |
Recent financial health updates
Recent updates
Guangdong Haid Group's (SZSE:002311) Earnings Offer More Than Meets The Eye
Apr 29Earnings Update: Guangdong Haid Group Co., Limited (SZSE:002311) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
Apr 25Here's Why Guangdong Haid Group (SZSE:002311) Can Manage Its Debt Responsibly
Mar 21Financial Position Analysis
Short Term Liabilities: 002311's short term assets (CN¥21.0B) exceed its short term liabilities (CN¥19.6B).
Long Term Liabilities: 002311's short term assets (CN¥21.0B) exceed its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: 002311's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 002311's debt to equity ratio has reduced from 70.1% to 34.4% over the past 5 years.
Debt Coverage: 002311's debt is well covered by operating cash flow (137.3%).
Interest Coverage: 002311's interest payments on its debt are well covered by EBIT (36.3x coverage).