Sichuan Guoguang Agrochemical Balance Sheet Health
Financial Health criteria checks 5/6
Sichuan Guoguang Agrochemical has a total shareholder equity of CN¥2.2B and total debt of CN¥68.7M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥2.7B and CN¥422.1M respectively. Sichuan Guoguang Agrochemical's EBIT is CN¥400.7M making its interest coverage ratio -23.4. It has cash and short-term investments of CN¥1.4B.
Key information
3.1%
Debt to equity ratio
CN¥68.65m
Debt
| Interest coverage ratio | -23.4x |
| Cash | CN¥1.37b |
| Equity | CN¥2.23b |
| Total liabilities | CN¥422.10m |
| Total assets | CN¥2.66b |
Recent financial health updates
Recent updates
Sichuan Guoguang Agrochemical's (SZSE:002749) Promising Earnings May Rest On Soft Foundations
Aug 22
Sichuan Guoguang Agrochemical (SZSE:002749) Has Announced A Dividend Of CN¥0.25
May 27These 4 Measures Indicate That Sichuan Guoguang Agrochemical (SZSE:002749) Is Using Debt Safely
Mar 22Sichuan Guoguang Agrochemical Co., Ltd. (SZSE:002749) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable
Mar 05Financial Position Analysis
Short Term Liabilities: 002749's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥324.4M).
Long Term Liabilities: 002749's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥97.7M).
Debt to Equity History and Analysis
Debt Level: 002749 has more cash than its total debt.
Reducing Debt: 002749's debt to equity ratio has increased from 0.6% to 3.1% over the past 5 years.
Debt Coverage: 002749's debt is well covered by operating cash flow (617.7%).
Interest Coverage: 002749 earns more interest than it pays, so coverage of interest payments is not a concern.