Guangdong Sunwill Precising PlasticLtd Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Sunwill Precising PlasticLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥750.1M, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥2.8B and CN¥1.6B respectively. Guangdong Sunwill Precising PlasticLtd's EBIT is CN¥65.9M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥409.6M.
Key information
62.1%
Debt to equity ratio
CN¥750.13m
Debt
Interest coverage ratio | 2.8x |
Cash | CN¥409.55m |
Equity | CN¥1.21b |
Total liabilities | CN¥1.59b |
Total assets | CN¥2.80b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002676's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002676's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥238.8M).
Debt to Equity History and Analysis
Debt Level: 002676's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: 002676's debt to equity ratio has increased from 42.7% to 62.1% over the past 5 years.
Debt Coverage: 002676's debt is not well covered by operating cash flow (15.3%).
Interest Coverage: 002676's interest payments on its debt are not well covered by EBIT (2.8x coverage).