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¥960.5M and total debt of CN¥649.5M, which brings its debt-to-equity ratio to 67.6%. Its total assets and total liabilities are CN¥1.7B and CN¥726.6M respectively. Guangdong Modern High-tech Fiber's EBIT is CN¥4.8M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥204.0M.
Key information
67.6%
Debt to equity ratio
CN¥649.46m
Debt
Interest coverage ratio | 0.5x |
Cash | CN¥204.00m |
Equity | CN¥960.46m |
Total liabilities | CN¥726.55m |
Total assets | CN¥1.69b |
Recent financial health updates
No updates
Recent updates
Guangdong 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¥509.8M) exceed its short term liabilities (CN¥394.8M).
Long Term Liabilities: 300876's short term assets (CN¥509.8M) exceed its long term liabilities (CN¥331.8M).
Debt to Equity History and Analysis
Debt Level: 300876's net debt to equity ratio (46.4%) is considered high.
Reducing Debt: 300876's debt to equity ratio has increased from 5.9% to 67.6% over the past 5 years.
Debt Coverage: 300876's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: 300876's interest payments on its debt are not well covered by EBIT (0.5x coverage).