Guangdong Skychem Technology Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Skychem Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥4.6M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥1.2B and CN¥66.1M respectively. Guangdong Skychem Technology's EBIT is CN¥63.6M making its interest coverage ratio -8.6. It has cash and short-term investments of CN¥791.4M.
Key information
0.4%
Debt to equity ratio
CN¥4.61m
Debt
Interest coverage ratio | -8.6x |
Cash | CN¥791.38m |
Equity | CN¥1.09b |
Total liabilities | CN¥66.14m |
Total assets | CN¥1.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688603's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥38.1M).
Long Term Liabilities: 688603's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥28.1M).
Debt to Equity History and Analysis
Debt Level: 688603 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688603's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688603's debt is well covered by operating cash flow (1591.2%).
Interest Coverage: 688603 earns more interest than it pays, so coverage of interest payments is not a concern.