Jiangxi Guotai GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Guotai GroupLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 29.9%. Its total assets and total liabilities are CN¥5.4B and CN¥1.7B respectively. Jiangxi Guotai GroupLtd's EBIT is CN¥359.3M making its interest coverage ratio -25.8. It has cash and short-term investments of CN¥988.4M.
Key information
29.9%
Debt to equity ratio
CN¥1.09b
Debt
Interest coverage ratio | -25.8x |
Cash | CN¥988.37m |
Equity | CN¥3.63b |
Total liabilities | CN¥1.73b |
Total assets | CN¥5.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603977's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603977's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥184.7M).
Debt to Equity History and Analysis
Debt Level: 603977's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 603977's debt to equity ratio has increased from 14.4% to 29.9% over the past 5 years.
Debt Coverage: 603977's debt is well covered by operating cash flow (35.8%).
Interest Coverage: 603977 earns more interest than it pays, so coverage of interest payments is not a concern.