Ginwa Enterprise (Group) Balance Sheet Health
Financial Health criteria checks 6/6
Ginwa Enterprise (Group) has a total shareholder equity of CN¥1.5B and total debt of CN¥21.2M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.8B and CN¥272.8M respectively. Ginwa Enterprise (Group)'s EBIT is CN¥527.5K making its interest coverage ratio -0. It has cash and short-term investments of CN¥450.8M.
Key information
1.4%
Debt to equity ratio
CN¥21.24m
Debt
Interest coverage ratio | -0.03x |
Cash | CN¥450.75m |
Equity | CN¥1.54b |
Total liabilities | CN¥272.84m |
Total assets | CN¥1.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600080's short term assets (CN¥850.7M) exceed its short term liabilities (CN¥245.8M).
Long Term Liabilities: 600080's short term assets (CN¥850.7M) exceed its long term liabilities (CN¥27.1M).
Debt to Equity History and Analysis
Debt Level: 600080 has more cash than its total debt.
Reducing Debt: 600080's debt to equity ratio has reduced from 2.8% to 1.4% over the past 5 years.
Debt Coverage: 600080's debt is well covered by operating cash flow (235.9%).
Interest Coverage: 600080 earns more interest than it pays, so coverage of interest payments is not a concern.