Guangdong Shirongzhaoye Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Shirongzhaoye has a total shareholder equity of CN¥4.9B and total debt of CN¥92.8M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥6.2B and CN¥1.3B respectively. Guangdong Shirongzhaoye's EBIT is CN¥270.7M making its interest coverage ratio -43.2. It has cash and short-term investments of CN¥277.3M.
Key information
1.9%
Debt to equity ratio
CN¥92.80m
Debt
Interest coverage ratio | -43.2x |
Cash | CN¥277.35m |
Equity | CN¥4.87b |
Total liabilities | CN¥1.30b |
Total assets | CN¥6.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002016's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002016's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥58.4M).
Debt to Equity History and Analysis
Debt Level: 002016 has more cash than its total debt.
Reducing Debt: 002016's debt to equity ratio has reduced from 74.6% to 1.9% over the past 5 years.
Debt Coverage: 002016's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002016 earns more interest than it pays, so coverage of interest payments is not a concern.