Guangdong Hongda Holdings Group Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Hongda Holdings Group has a total shareholder equity of CN¥7.7B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥17.7B and CN¥10.0B respectively. Guangdong Hongda Holdings Group's EBIT is CN¥1.3B making its interest coverage ratio -66. It has cash and short-term investments of CN¥2.8B.
Key information
62.1%
Debt to equity ratio
CN¥4.77b
Debt
| Interest coverage ratio | -66x |
| Cash | CN¥2.77b |
| Equity | CN¥7.68b |
| Total liabilities | CN¥10.01b |
| Total assets | CN¥17.69b |
Recent financial health updates
We Think Guangdong Hongda Holdings Group (SZSE:002683) Can Stay On Top Of Its Debt
Oct 22
These 4 Measures Indicate That Guangdong Hongda Holdings Group (SZSE:002683) Is Using Debt Reasonably Well
Jul 23Does Guangdong Hongda Holdings Group (SZSE:002683) Have A Healthy Balance Sheet?
Mar 21Recent updates
Guangdong Hongda Holdings Group Co., Ltd. (SZSE:002683) Shares Could Be 24% Below Their Intrinsic Value Estimate
Dec 10Should You Be Adding Guangdong Hongda Holdings Group (SZSE:002683) To Your Watchlist Today?
Nov 25Guangdong Hongda Holdings Group Co., Ltd.'s (SZSE:002683) Earnings Are Not Doing Enough For Some Investors
Nov 09We Think Guangdong Hongda Holdings Group (SZSE:002683) Can Stay On Top Of Its Debt
Oct 22These 4 Measures Indicate That Guangdong Hongda Holdings Group (SZSE:002683) Is Using Debt Reasonably Well
Jul 23Guangdong Hongda Holdings Group Co., Ltd.'s (SZSE:002683) Prospects Need A Boost To Lift Shares
Jun 23Estimating The Intrinsic Value Of Guangdong Hongda Holdings Group Co., Ltd. (SZSE:002683)
May 22Does Guangdong Hongda Holdings Group (SZSE:002683) Have A Healthy Balance Sheet?
Mar 21Guangdong Hongda Holdings Group Co., Ltd.'s (SZSE:002683) Shares Bounce 27% But Its Business Still Trails The Market
Mar 04Financial Position Analysis
Short Term Liabilities: 002683's short term assets (CN¥9.9B) exceed its short term liabilities (CN¥6.3B).
Long Term Liabilities: 002683's short term assets (CN¥9.9B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 002683's net debt to equity ratio (26.1%) is considered satisfactory.
Reducing Debt: 002683's debt to equity ratio has increased from 49.7% to 62.1% over the past 5 years.
Debt Coverage: 002683's debt is well covered by operating cash flow (28.8%).
Interest Coverage: 002683 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 12:52 |
| End of Day Share Price | 2025/01/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Guangdong Hongda Holdings Group Co., Ltd. is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiang Zhang | Changjiang Securities Co. LTD. |
| Yuchen Liu | Everbright Securities Co. Ltd. |
| Tao Wei | Goldman Sachs |