Guangdong Hongda Holdings Group Co., Ltd.

SZSE:002683 Stock Report

Market Cap: CN¥16.2b

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
CashCN¥2.84b
EquityCN¥7.82b
Total liabilitiesCN¥8.76b
Total assetsCN¥16.59b

Recent financial health updates

Recent updates

Does Guangdong Hongda Holdings Group (SZSE:002683) Have A Healthy Balance Sheet?

Mar 21
Does Guangdong Hongda Holdings Group (SZSE:002683) Have A Healthy Balance Sheet?

Guangdong Hongda Holdings Group Co., Ltd.'s (SZSE:002683) Shares Bounce 27% But Its Business Still Trails The Market

Mar 04
Guangdong Hongda Holdings Group Co., Ltd.'s (SZSE:002683) Shares Bounce 27% But Its Business Still Trails The Market

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.


Balance Sheet


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