Dongguan Golden Sun AbrasivesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Dongguan Golden Sun AbrasivesLtd has a total shareholder equity of CN¥708.3M and total debt of CN¥227.7M, which brings its debt-to-equity ratio to 32.1%. Its total assets and total liabilities are CN¥1.1B and CN¥408.4M respectively. Dongguan Golden Sun AbrasivesLtd's EBIT is CN¥52.1M making its interest coverage ratio 24. It has cash and short-term investments of CN¥119.2M.
Key information
32.1%
Debt to equity ratio
CN¥227.67m
Debt
| Interest coverage ratio | 24x |
| Cash | CN¥119.17m |
| Equity | CN¥708.31m |
| Total liabilities | CN¥408.43m |
| Total assets | CN¥1.12b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push Dongguan Golden Sun Abrasives Co.,Ltd (SZSE:300606) Shares Up 37% But Growth Is Lacking
Oct 18
Dongguan Golden Sun AbrasivesLtd's (SZSE:300606) Solid Profits Have Weak Fundamentals
Sep 05More Unpleasant Surprises Could Be In Store For Dongguan Golden Sun Abrasives Co.,Ltd's (SZSE:300606) Shares After Tumbling 30%
Jun 06Subdued Growth No Barrier To Dongguan Golden Sun Abrasives Co.,Ltd (SZSE:300606) With Shares Advancing 38%
Mar 07Financial Position Analysis
Short Term Liabilities: 300606's short term assets (CN¥521.2M) exceed its short term liabilities (CN¥260.4M).
Long Term Liabilities: 300606's short term assets (CN¥521.2M) exceed its long term liabilities (CN¥148.0M).
Debt to Equity History and Analysis
Debt Level: 300606's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: 300606's debt to equity ratio has increased from 0% to 32.1% over the past 5 years.
Debt Coverage: 300606's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 300606's interest payments on its debt are well covered by EBIT (24x coverage).