Guangdong Dowstone Technology Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Dowstone Technology has a total shareholder equity of CN¥7.1B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are CN¥14.9B and CN¥7.8B respectively. Guangdong Dowstone Technology's EBIT is CN¥316.3M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥3.9B.
Key information
82.4%
Debt to equity ratio
CN¥5.81b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥3.92b |
| Equity | CN¥7.06b |
| Total liabilities | CN¥7.85b |
| Total assets | CN¥14.91b |
Financial Position Analysis
Short Term Liabilities: 300409's short term assets (CN¥8.7B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 300409's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥3.6B).
Debt to Equity History and Analysis
Debt Level: 300409's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: 300409's debt to equity ratio has increased from 65.6% to 82.4% over the past 5 years.
Debt Coverage: 300409's debt is not well covered by operating cash flow (10.7%).
Interest Coverage: 300409's interest payments on its debt are not well covered by EBIT (2.2x coverage).