Global Infotech Balance Sheet Health
Financial Health criteria checks 4/6
Global Infotech has a total shareholder equity of CN¥663.3M and total debt of CN¥306.0M, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are CN¥1.3B and CN¥650.1M respectively. Global Infotech's EBIT is CN¥28.0M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥148.0M.
Key information
46.1%
Debt to equity ratio
CN¥306.04m
Debt
Interest coverage ratio | 2.4x |
Cash | CN¥148.03m |
Equity | CN¥663.31m |
Total liabilities | CN¥650.14m |
Total assets | CN¥1.31b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300465's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥630.6M).
Long Term Liabilities: 300465's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥19.6M).
Debt to Equity History and Analysis
Debt Level: 300465's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 300465's debt to equity ratio has increased from 17.7% to 46.1% over the past 5 years.
Debt Coverage: 300465's debt is well covered by operating cash flow (20.9%).
Interest Coverage: 300465's interest payments on its debt are not well covered by EBIT (2.4x coverage).