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.'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.