Guangzhou Jointas Chemical Balance Sheet Health
Financial Health criteria checks 1/6
Guangzhou Jointas Chemical has a total shareholder equity of CN¥961.1M and total debt of CN¥631.7M, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Guangzhou Jointas Chemical's EBIT is CN¥26.9M making its interest coverage ratio 1. It has cash and short-term investments of CN¥194.4M.
Key information
65.7%
Debt to equity ratio
CN¥631.73m
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥194.44m |
| Equity | CN¥961.14m |
| Total liabilities | CN¥1.28b |
| Total assets | CN¥2.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002909's short term assets (CN¥964.1M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002909's short term assets (CN¥964.1M) exceed its long term liabilities (CN¥153.1M).
Debt to Equity History and Analysis
Debt Level: 002909's net debt to equity ratio (45.5%) is considered high.
Reducing Debt: 002909's debt to equity ratio has increased from 24.4% to 65.7% over the past 5 years.
Debt Coverage: 002909's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 002909's interest payments on its debt are not well covered by EBIT (1x coverage).