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¥907.0M, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are CN¥7.7B and CN¥1.9B respectively. Guangzhou Guanggang Gases & EnergyLtd's EBIT is CN¥271.4M making its interest coverage ratio -13.5. It has cash and short-term investments of CN¥1.9B.
Key information
15.6%
Debt to equity ratio
CN¥907.05m
Debt
| Interest coverage ratio | -13.5x |
| Cash | CN¥1.93b |
| Equity | CN¥5.81b |
| Total liabilities | CN¥1.88b |
| Total assets | CN¥7.68b |
Recent financial health updates
We Think Guangzhou Guanggang Gases & EnergyLtd (SHSE:688548) Is Taking Some Risk With Its Debt
Sep 06
Is Guangzhou Guanggang Gases & EnergyLtd (SHSE:688548) A Risky Investment?
Mar 24Recent updates
We Think Guangzhou Guanggang Gases & EnergyLtd (SHSE:688548) Is Taking Some Risk With Its Debt
Sep 06Guangzhou Guanggang Gases & Energy Co.,Ltd. Just Missed EPS By 23%: Here's What Analysts Think Will Happen Next
Aug 01Guangzhou Guanggang Gases & EnergyLtd's (SHSE:688548) Solid Earnings May Rest On Weak Foundations
Apr 26Is Guangzhou Guanggang Gases & EnergyLtd (SHSE:688548) A Risky Investment?
Mar 24Financial Position Analysis
Short Term Liabilities: 688548's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688548's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥679.4M).
Debt to Equity History and Analysis
Debt Level: 688548 has more cash than its total debt.
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 (60.8%).
Interest Coverage: 688548 earns more interest than it pays, so coverage of interest payments is not a concern.