Guangzhou Jointas Chemical Balance Sheet Health
Financial Health criteria checks 3/6
Guangzhou Jointas Chemical has a total shareholder equity of CN¥974.7M and total debt of CN¥678.5M, which brings its debt-to-equity ratio to 69.6%. Its total assets and total liabilities are CN¥2.2B and CN¥1.2B respectively. Guangzhou Jointas Chemical's EBIT is CN¥27.2M making its interest coverage ratio 1. It has cash and short-term investments of CN¥295.9M.
Key information
69.6%
Debt to equity ratio
CN¥678.51m
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥295.94m |
| Equity | CN¥974.74m |
| Total liabilities | CN¥1.23b |
| Total assets | CN¥2.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002909's short term assets (CN¥986.9M) do not cover its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002909's short term assets (CN¥986.9M) exceed its long term liabilities (CN¥168.3M).
Debt to Equity History and Analysis
Debt Level: 002909's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: 002909's debt to equity ratio has increased from 25.1% to 69.6% over the past 5 years.
Debt Coverage: 002909's debt is well covered by operating cash flow (31.4%).
Interest Coverage: 002909's interest payments on its debt are not well covered by EBIT (1x coverage).