Guangdong Tianhe Agricultural Means of Production Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Tianhe Agricultural Means of Production has a total shareholder equity of CN¥1.4B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 170.1%. Its total assets and total liabilities are CN¥7.4B and CN¥6.0B respectively. Guangdong Tianhe Agricultural Means of Production's EBIT is CN¥105.4M making its interest coverage ratio 3. It has cash and short-term investments of CN¥539.2M.
Key information
170.1%
Debt to equity ratio
CN¥2.41b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥539.25m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥5.95b |
| Total assets | CN¥7.37b |
Recent financial health updates
No updates
Recent updates
Guangdong Tianhe Agricultural Means of Production's (SZSE:002999) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 04
Subdued Growth No Barrier To Guangdong Tianhe Agricultural Means of Production Co., Ltd.'s (SZSE:002999) Price
Oct 01We Think That There Are More Issues For Guangdong Tianhe Agricultural Means of Production (SZSE:002999) Than Just Sluggish Earnings
Apr 25Financial Position Analysis
Short Term Liabilities: 002999's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 002999's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥779.0M).
Debt to Equity History and Analysis
Debt Level: 002999's net debt to equity ratio (132%) is considered high.
Reducing Debt: 002999's debt to equity ratio has increased from 153.6% to 170.1% over the past 5 years.
Debt Coverage: 002999's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002999's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 19:23 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Guangdong Tianhe Agricultural Means of Production Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wei Liu | Haitong International Research Limited |