Guomai Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Guomai Technologies has a total shareholder equity of CN¥3.6B and total debt of CN¥81.1M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥4.4B and CN¥794.6M respectively. Guomai Technologies's EBIT is CN¥108.3M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥653.5M.
Key information
2.2%
Debt to equity ratio
CN¥81.09m
Debt
| Interest coverage ratio | -4.4x |
| Cash | CN¥653.50m |
| Equity | CN¥3.63b |
| Total liabilities | CN¥794.58m |
| Total assets | CN¥4.43b |
Recent financial health updates
Recent updates
Guomai Technologies' (SZSE:002093) Earnings Are Of Questionable Quality
Apr 30
Returns On Capital Signal Difficult Times Ahead For Guomai Technologies (SZSE:002093)
Mar 27What Guomai Technologies, Inc.'s (SZSE:002093) 38% Share Price Gain Is Not Telling You
Mar 07Here's Why Guomai Technologies (SZSE:002093) Can Manage Its Debt Responsibly
Mar 05Financial Position Analysis
Short Term Liabilities: 002093's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥669.3M).
Long Term Liabilities: 002093's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥125.2M).
Debt to Equity History and Analysis
Debt Level: 002093 has more cash than its total debt.
Reducing Debt: 002093's debt to equity ratio has reduced from 24.1% to 2.2% over the past 5 years.
Debt Coverage: 002093's debt is well covered by operating cash flow (103%).
Interest Coverage: 002093 earns more interest than it pays, so coverage of interest payments is not a concern.