Guizhou RedStar DevelopingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guizhou RedStar DevelopingLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥111.1M, which brings its debt-to-equity ratio to 4.4%. Its total assets and total liabilities are CN¥3.1B and CN¥594.1M respectively. Guizhou RedStar DevelopingLtd's EBIT is CN¥24.2M making its interest coverage ratio 129.4. It has cash and short-term investments of CN¥965.6M.
Key information
4.4%
Debt to equity ratio
CN¥111.14m
Debt
Interest coverage ratio | 129.4x |
Cash | CN¥965.61m |
Equity | CN¥2.55b |
Total liabilities | CN¥594.12m |
Total assets | CN¥3.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600367's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥553.1M).
Long Term Liabilities: 600367's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥41.0M).
Debt to Equity History and Analysis
Debt Level: 600367 has more cash than its total debt.
Reducing Debt: 600367's debt to equity ratio has reduced from 10.9% to 4.4% over the past 5 years.
Debt Coverage: 600367's debt is well covered by operating cash flow (221.1%).
Interest Coverage: 600367's interest payments on its debt are well covered by EBIT (129.4x coverage).