Dongguan Golden Sun AbrasivesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Dongguan Golden Sun AbrasivesLtd has a total shareholder equity of CN¥703.6M and total debt of CN¥230.5M, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are CN¥1.1B and CN¥444.5M respectively. Dongguan Golden Sun AbrasivesLtd's EBIT is CN¥66.5M making its interest coverage ratio 88.1. It has cash and short-term investments of CN¥123.7M.
Key information
32.8%
Debt to equity ratio
CN¥230.49m
Debt
| Interest coverage ratio | 88.1x |
| Cash | CN¥123.68m |
| Equity | CN¥703.63m |
| Total liabilities | CN¥444.51m |
| Total assets | CN¥1.15b |
Recent financial health updates
No updates
Recent updates
Dongguan Golden Sun AbrasivesLtd's (SZSE:300606) Solid Profits Have Weak Fundamentals
Sep 05
More 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¥566.7M) exceed its short term liabilities (CN¥305.3M).
Long Term Liabilities: 300606's short term assets (CN¥566.7M) exceed its long term liabilities (CN¥139.2M).
Debt to Equity History and Analysis
Debt Level: 300606's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: 300606's debt to equity ratio has increased from 0% to 32.8% over the past 5 years.
Debt Coverage: 300606's debt is well covered by operating cash flow (23.1%).
Interest Coverage: 300606's interest payments on its debt are well covered by EBIT (88.1x coverage).