Guangdong Tloong Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Tloong Technology GroupLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥606.0M, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are CN¥3.0B and CN¥1.3B respectively. Guangdong Tloong Technology GroupLtd's EBIT is CN¥163.6M making its interest coverage ratio -11.5. It has cash and short-term investments of CN¥162.1M.
Key information
36.3%
Debt to equity ratio
CN¥605.98m
Debt
Interest coverage ratio | -11.5x |
Cash | CN¥162.14m |
Equity | CN¥1.67b |
Total liabilities | CN¥1.35b |
Total assets | CN¥3.01b |
Financial Position Analysis
Short Term Liabilities: 300063's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300063's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥128.9M).
Debt to Equity History and Analysis
Debt Level: 300063's net debt to equity ratio (26.6%) is considered satisfactory.
Reducing Debt: 300063's debt to equity ratio has reduced from 36.8% to 36.3% over the past 5 years.
Debt Coverage: 300063's debt is well covered by operating cash flow (55.8%).
Interest Coverage: 300063 earns more interest than it pays, so coverage of interest payments is not a concern.