Guangdong Tianhe Agricultural Means of Production Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Tianhe Agricultural Means of Production has a total shareholder equity of CN¥1.5B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 141.1%. Its total assets and total liabilities are CN¥9.2B and CN¥7.7B respectively. Guangdong Tianhe Agricultural Means of Production's EBIT is CN¥229.5M making its interest coverage ratio -3504.6. It has cash and short-term investments of CN¥875.4M.
Key information
141.1%
Debt to equity ratio
CN¥2.08b
Debt
Interest coverage ratio | -3504.6x |
Cash | CN¥875.44m |
Equity | CN¥1.47b |
Total liabilities | CN¥7.73b |
Total assets | CN¥9.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002999's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 002999's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥675.5M).
Debt to Equity History and Analysis
Debt Level: 002999's net debt to equity ratio (81.7%) is considered high.
Reducing Debt: 002999's debt to equity ratio has reduced from 163.5% to 141.1% over the past 5 years.
Debt Coverage: 002999's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002999 earns more interest than it pays, so coverage of interest payments is not a concern.