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).