Guangdong Highsun GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Highsun GroupLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 101.6%. Its total assets and total liabilities are CN¥8.2B and CN¥4.9B respectively. Guangdong Highsun GroupLtd's EBIT is CN¥174.7M making its interest coverage ratio -46.9. It has cash and short-term investments of CN¥96.6M.
Key information
101.6%
Debt to equity ratio
CN¥3.34b
Debt
Interest coverage ratio | -46.9x |
Cash | CN¥96.62m |
Equity | CN¥3.29b |
Total liabilities | CN¥4.89b |
Total assets | CN¥8.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000861's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 000861's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥2.6B).
Debt to Equity History and Analysis
Debt Level: 000861's net debt to equity ratio (98.6%) is considered high.
Reducing Debt: 000861's debt to equity ratio has reduced from 186.9% to 101.6% over the past 5 years.
Debt Coverage: 000861's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 000861 earns more interest than it pays, so coverage of interest payments is not a concern.