Guangdong Modern High-tech Fiber Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Modern High-tech Fiber has a total shareholder equity of CN¥919.6M and total debt of CN¥707.9M, which brings its debt-to-equity ratio to 77%. Its total assets and total liabilities are CN¥1.7B and CN¥783.8M respectively.
Key information
77.0%
Debt to equity ratio
CN¥707.86m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥126.42m |
| Equity | CN¥919.61m |
| Total liabilities | CN¥783.83m |
| Total assets | CN¥1.70b |
Recent financial health updates
No updates
Recent updates
Investors Appear Satisfied With Guangdong Modern High-tech Fiber Co., Ltd's (SZSE:300876) Prospects As Shares Rocket 34%
Oct 28
Risks Still Elevated At These Prices As Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) Shares Dive 26%
Jun 17Guangdong Modern High-tech Fiber (SZSE:300876) Has Affirmed Its Dividend Of CN¥0.20
Apr 29Need To Know: This Analyst Just Made A Substantial Cut To Their Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) Estimates
Apr 16Earnings Tell The Story For Guangdong Modern High-tech Fiber Co., Ltd (SZSE:300876) As Its Stock Soars 41%
Mar 08Financial Position Analysis
Short Term Liabilities: 300876's short term assets (CN¥476.4M) exceed its short term liabilities (CN¥451.1M).
Long Term Liabilities: 300876's short term assets (CN¥476.4M) exceed its long term liabilities (CN¥332.7M).
Debt to Equity History and Analysis
Debt Level: 300876's net debt to equity ratio (63.2%) is considered high.
Reducing Debt: 300876's debt to equity ratio has increased from 16.7% to 77% over the past 5 years.
Debt Coverage: 300876's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300876's interest payments on its debt are well covered by EBIT.