Guangdong Hongda Holdings Group Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Hongda Holdings Group has a total shareholder equity of CN¥7.8B and total debt of CN¥4.6B, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are CN¥16.6B and CN¥8.8B respectively. Guangdong Hongda Holdings Group's EBIT is CN¥1.1B making its interest coverage ratio -155.9. It has cash and short-term investments of CN¥2.8B.
Key information
59.0%
Debt to equity ratio
CN¥4.61b
Debt
Interest coverage ratio | -155.9x |
Cash | CN¥2.84b |
Equity | CN¥7.82b |
Total liabilities | CN¥8.76b |
Total assets | CN¥16.59b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002683's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 002683's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥4.2B).
Debt to Equity History and Analysis
Debt Level: 002683's net debt to equity ratio (22.7%) is considered satisfactory.
Reducing Debt: 002683's debt to equity ratio has increased from 54.3% to 59% over the past 5 years.
Debt Coverage: 002683's debt is well covered by operating cash flow (30%).
Interest Coverage: 002683 earns more interest than it pays, so coverage of interest payments is not a concern.