Guangdong Huiyun Titanium Industry Balance Sheet Health
Financial Health criteria checks 3/6
Guangdong Huiyun Titanium Industry has a total shareholder equity of CN¥1.4B and total debt of CN¥859.5M, which brings its debt-to-equity ratio to 61.9%. Its total assets and total liabilities are CN¥2.6B and CN¥1.3B respectively. Guangdong Huiyun Titanium Industry's EBIT is CN¥49.4M making its interest coverage ratio 8.2. It has cash and short-term investments of CN¥226.7M.
Key information
61.9%
Debt to equity ratio
CN¥859.52m
Debt
Interest coverage ratio | 8.2x |
Cash | CN¥226.73m |
Equity | CN¥1.39b |
Total liabilities | CN¥1.25b |
Total assets | CN¥2.64b |
Recent financial health updates
No updates
Recent updates
Additional Considerations Required While Assessing Guangdong Huiyun Titanium Industry's (SZSE:300891) Strong Earnings
Apr 29Market Participants Recognise Guangdong Huiyun Titanium Industry Co., Ltd.'s (SZSE:300891) Revenues Pushing Shares 25% Higher
Apr 26Investor Optimism Abounds Guangdong Huiyun Titanium Industry Co., Ltd. (SZSE:300891) But Growth Is Lacking
Feb 27Financial Position Analysis
Short Term Liabilities: 300891's short term assets (CN¥985.8M) exceed its short term liabilities (CN¥761.0M).
Long Term Liabilities: 300891's short term assets (CN¥985.8M) exceed its long term liabilities (CN¥489.2M).
Debt to Equity History and Analysis
Debt Level: 300891's net debt to equity ratio (45.6%) is considered high.
Reducing Debt: 300891's debt to equity ratio has increased from 24.8% to 61.9% over the past 5 years.
Debt Coverage: 300891's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 300891's interest payments on its debt are well covered by EBIT (8.2x coverage).