Guangdong Advertising GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Advertising GroupLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥8.8B and CN¥3.8B respectively. Guangdong Advertising GroupLtd's EBIT is CN¥166.6M making its interest coverage ratio -13.2. It has cash and short-term investments of CN¥381.9M.
Key information
29.7%
Debt to equity ratio
CN¥1.48b
Debt
Interest coverage ratio | -13.2x |
Cash | CN¥381.93m |
Equity | CN¥4.99b |
Total liabilities | CN¥3.84b |
Total assets | CN¥8.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002400's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 002400's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥251.6M).
Debt to Equity History and Analysis
Debt Level: 002400's net debt to equity ratio (22%) is considered satisfactory.
Reducing Debt: 002400's debt to equity ratio has increased from 16.4% to 29.7% over the past 5 years.
Debt Coverage: 002400's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002400 earns more interest than it pays, so coverage of interest payments is not a concern.