Dongguan Golden Sun AbrasivesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Dongguan Golden Sun AbrasivesLtd has a total shareholder equity of CN¥714.1M and total debt of CN¥207.4M, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥1.2B and CN¥436.8M respectively. Dongguan Golden Sun AbrasivesLtd's EBIT is CN¥61.5M making its interest coverage ratio 33.9. It has cash and short-term investments of CN¥121.3M.
Key information
29.0%
Debt to equity ratio
CN¥207.44m
Debt
Interest coverage ratio | 33.9x |
Cash | CN¥121.34m |
Equity | CN¥714.12m |
Total liabilities | CN¥436.76m |
Total assets | CN¥1.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300606's short term assets (CN¥572.0M) exceed its short term liabilities (CN¥304.8M).
Long Term Liabilities: 300606's short term assets (CN¥572.0M) exceed its long term liabilities (CN¥132.0M).
Debt to Equity History and Analysis
Debt Level: 300606's net debt to equity ratio (12.1%) is considered satisfactory.
Reducing Debt: 300606's debt to equity ratio has increased from 0% to 29% over the past 5 years.
Debt Coverage: 300606's debt is well covered by operating cash flow (54.7%).
Interest Coverage: 300606's interest payments on its debt are well covered by EBIT (33.9x coverage).