Guizhou RedStar DevelopingLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guizhou RedStar DevelopingLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥140.8M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥3.2B and CN¥626.1M respectively. Guizhou RedStar DevelopingLtd's EBIT is CN¥51.4M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥943.7M.
Key information
5.4%
Debt to equity ratio
CN¥140.83m
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥943.66m |
| Equity | CN¥2.61b |
| Total liabilities | CN¥626.06m |
| Total assets | CN¥3.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600367's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥583.5M).
Long Term Liabilities: 600367's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥42.6M).
Debt to Equity History and Analysis
Debt Level: 600367 has more cash than its total debt.
Reducing Debt: 600367's debt to equity ratio has reduced from 14.6% to 5.4% over the past 5 years.
Debt Coverage: 600367's debt is well covered by operating cash flow (127.3%).
Interest Coverage: 600367 earns more interest than it pays, so coverage of interest payments is not a concern.