Guangzhou Guanggang Gases & EnergyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Guanggang Gases & EnergyLtd has a total shareholder equity of CN¥5.8B and total debt of CN¥764.7M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are CN¥7.4B and CN¥1.6B respectively. Guangzhou Guanggang Gases & EnergyLtd's EBIT is CN¥314.9M making its interest coverage ratio -39.4. It has cash and short-term investments of CN¥472.0M.
Key information
13.1%
Debt to equity ratio
CN¥764.67m
Debt
| Interest coverage ratio | -39.4x |
| Cash | CN¥472.04m |
| Equity | CN¥5.84b |
| Total liabilities | CN¥1.60b |
| Total assets | CN¥7.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688548's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥873.4M).
Long Term Liabilities: 688548's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥723.4M).
Debt to Equity History and Analysis
Debt Level: 688548's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 688548's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688548's debt is well covered by operating cash flow (69.7%).
Interest Coverage: 688548 earns more interest than it pays, so coverage of interest payments is not a concern.