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¥230.2M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are CN¥4.2B and CN¥644.4M respectively. Guomai Technologies's EBIT is CN¥117.1M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥522.7M.
Key information
6.4%
Debt to equity ratio
CN¥230.21m
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥522.69m |
| Equity | CN¥3.57b |
| Total liabilities | CN¥644.44m |
| Total assets | CN¥4.21b |
Recent financial health updates
These 4 Measures Indicate That Guomai Technologies (SZSE:002093) Is Using Debt Reasonably Well
Jul 31
Here's Why Guomai Technologies (SZSE:002093) Can Manage Its Debt Responsibly
Mar 05Recent updates
These 4 Measures Indicate That Guomai Technologies (SZSE:002093) Is Using Debt Reasonably Well
Jul 31With EPS Growth And More, Guomai Technologies (SZSE:002093) Makes An Interesting Case
May 25Guomai Technologies' (SZSE:002093) Earnings Are Of Questionable Quality
Apr 30Returns 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¥2.1B) exceed its short term liabilities (CN¥361.8M).
Long Term Liabilities: 002093's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥282.6M).
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 12.5% to 6.4% over the past 5 years.
Debt Coverage: 002093's debt is well covered by operating cash flow (60.1%).
Interest Coverage: 002093 earns more interest than it pays, so coverage of interest payments is not a concern.