Guangdong Advertising GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Advertising GroupLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥837.5M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are CN¥10.6B and CN¥5.7B respectively. Guangdong Advertising GroupLtd's EBIT is CN¥188.8M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥2.1B.
Key information
16.8%
Debt to equity ratio
CN¥837.46m
Debt
| Interest coverage ratio | -15.4x |
| Cash | CN¥2.09b |
| Equity | CN¥4.98b |
| Total liabilities | CN¥5.65b |
| Total assets | CN¥10.63b |
Financial Position Analysis
Short Term Liabilities: 002400's short term assets (CN¥7.8B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 002400's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥258.8M).
Debt to Equity History and Analysis
Debt Level: 002400 has more cash than its total debt.
Reducing Debt: 002400's debt to equity ratio has increased from 15.4% to 16.8% over the past 5 years.
Debt Coverage: 002400's debt is well covered by operating cash flow (53.5%).
Interest Coverage: 002400 earns more interest than it pays, so coverage of interest payments is not a concern.