Greenland Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Greenland Holdings has a total shareholder equity of CN¥164.1B and total debt of CN¥201.5B, which brings its debt-to-equity ratio to 122.8%. Its total assets and total liabilities are CN¥1,192.5B and CN¥1,028.4B respectively. Greenland Holdings's EBIT is CN¥7.2B making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥50.2B.
Key information
122.8%
Debt to equity ratio
CN¥201.48b
Debt
Interest coverage ratio | -5.2x |
Cash | CN¥50.16b |
Equity | CN¥164.13b |
Total liabilities | CN¥1.03t |
Total assets | CN¥1.19t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600606's short term assets (CN¥992.6B) exceed its short term liabilities (CN¥884.8B).
Long Term Liabilities: 600606's short term assets (CN¥992.6B) exceed its long term liabilities (CN¥143.6B).
Debt to Equity History and Analysis
Debt Level: 600606's net debt to equity ratio (92.2%) is considered high.
Reducing Debt: 600606's debt to equity ratio has reduced from 250.7% to 122.8% over the past 5 years.
Debt Coverage: 600606's debt is not well covered by operating cash flow (3%).
Interest Coverage: 600606 earns more interest than it pays, so coverage of interest payments is not a concern.