Guangdong Shirongzhaoye Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Shirongzhaoye has a total shareholder equity of CN¥4.8B and total debt of CN¥409.3M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are CN¥6.7B and CN¥1.8B respectively. Guangdong Shirongzhaoye's EBIT is CN¥33.0M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥352.2M.
Key information
8.4%
Debt to equity ratio
CN¥409.30m
Debt
| Interest coverage ratio | -3.5x |
| Cash | CN¥352.19m |
| Equity | CN¥4.84b |
| Total liabilities | CN¥1.81b |
| Total assets | CN¥6.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002016's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 002016's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥317.6M).
Debt to Equity History and Analysis
Debt Level: 002016's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 002016's debt to equity ratio has reduced from 61.1% to 8.4% 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.