Guangdong Haid Group Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Haid Group has a total shareholder equity of CN¥21.5B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are CN¥49.2B and CN¥27.7B respectively. Guangdong Haid Group's EBIT is CN¥4.8B making its interest coverage ratio -837.1. It has cash and short-term investments of CN¥5.6B.
Key information
22.0%
Debt to equity ratio
CN¥4.74b
Debt
| Interest coverage ratio | -837.1x |
| Cash | CN¥5.59b |
| Equity | CN¥21.53b |
| Total liabilities | CN¥27.67b |
| Total assets | CN¥49.19b |
Recent financial health updates
These 4 Measures Indicate That Guangdong Haid Group (SZSE:002311) Is Using Debt Reasonably Well
Jul 30
Here's Why Guangdong Haid Group (SZSE:002311) Can Manage Its Debt Responsibly
Mar 21Recent updates
Guangdong Haid Group (SZSE:002311) Has Some Way To Go To Become A Multi-Bagger
Aug 20Guangdong Haid Group Co., Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Aug 02These 4 Measures Indicate That Guangdong Haid Group (SZSE:002311) Is Using Debt Reasonably Well
Jul 30Guangdong Haid Group Co., Limited (SZSE:002311) Looks Inexpensive But Perhaps Not Attractive Enough
Jul 15Guangdong Haid Group's (SZSE:002311) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 28An Intrinsic Calculation For Guangdong Haid Group Co., Limited (SZSE:002311) Suggests It's 38% Undervalued
Jun 21Guangdong 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¥24.6B) exceed its short term liabilities (CN¥22.9B).
Long Term Liabilities: 002311's short term assets (CN¥24.6B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 002311 has more cash than its total debt.
Reducing Debt: 002311's debt to equity ratio has reduced from 65.9% to 22% over the past 5 years.
Debt Coverage: 002311's debt is well covered by operating cash flow (190.9%).
Interest Coverage: 002311 earns more interest than it pays, so coverage of interest payments is not a concern.