Jiangxi Guotai GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Jiangxi Guotai GroupLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CN¥5.5B and CN¥1.8B respectively. Jiangxi Guotai GroupLtd's EBIT is CN¥313.1M making its interest coverage ratio -59.7. It has cash and short-term investments of CN¥744.5M.
Key information
31.3%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | -59.7x |
| Cash | CN¥744.47m |
| Equity | CN¥3.73b |
| Total liabilities | CN¥1.78b |
| Total assets | CN¥5.51b |
Recent financial health updates
Jiangxi Guotai GroupLtd (SHSE:603977) Seems To Use Debt Quite Sensibly
Oct 14
We Think Jiangxi Guotai GroupLtd (SHSE:603977) Can Stay On Top Of Its Debt
Jul 12Recent updates
Jiangxi Guotai Group Co.,Ltd. (SHSE:603977) Stock Rockets 37% But Many Are Still Ignoring The Company
Oct 15Jiangxi Guotai GroupLtd (SHSE:603977) Seems To Use Debt Quite Sensibly
Oct 14Does Jiangxi Guotai GroupLtd (SHSE:603977) Deserve A Spot On Your Watchlist?
Aug 20There's Been No Shortage Of Growth Recently For Jiangxi Guotai GroupLtd's (SHSE:603977) Returns On Capital
Jul 28We Think Jiangxi Guotai GroupLtd (SHSE:603977) Can Stay On Top Of Its Debt
Jul 12Jiangxi Guotai GroupLtd's (SHSE:603977) Solid Profits Have Weak Fundamentals
May 03Getting In Cheap On Jiangxi Guotai Group Co.,Ltd. (SHSE:603977) Might Be Difficult
Mar 01Financial Position Analysis
Short Term Liabilities: 603977's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603977's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥338.6M).
Debt to Equity History and Analysis
Debt Level: 603977's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: 603977's debt to equity ratio has increased from 6.2% to 31.3% over the past 5 years.
Debt Coverage: 603977's debt is well covered by operating cash flow (35%).
Interest Coverage: 603977 earns more interest than it pays, so coverage of interest payments is not a concern.