Guangdong Enpack Packaging Balance Sheet Health
Financial Health criteria checks 1/6
Guangdong Enpack Packaging has a total shareholder equity of CN¥1.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 78.4%. Its total assets and total liabilities are CN¥3.4B and CN¥2.0B respectively. Guangdong Enpack Packaging's EBIT is CN¥23.7M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥102.9M.
Key information
78.4%
Debt to equity ratio
CN¥1.14b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥102.92m |
| Equity | CN¥1.45b |
| Total liabilities | CN¥1.95b |
| Total assets | CN¥3.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002846's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002846's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥504.5M).
Debt to Equity History and Analysis
Debt Level: 002846's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: 002846's debt to equity ratio has increased from 39.8% to 78.4% over the past 5 years.
Debt Coverage: 002846's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: 002846's interest payments on its debt are not well covered by EBIT (0.6x coverage).