Guangdong Ellington Electronics TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Ellington Electronics TechnologyLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥209.6M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥5.4B and CN¥1.5B respectively. Guangdong Ellington Electronics TechnologyLtd's EBIT is CN¥438.8M making its interest coverage ratio -7. It has cash and short-term investments of CN¥1.5B.
Key information
5.3%
Debt to equity ratio
CN¥209.56m
Debt
| Interest coverage ratio | -7x |
| Cash | CN¥1.48b |
| Equity | CN¥3.96b |
| Total liabilities | CN¥1.49b |
| Total assets | CN¥5.45b |
Recent financial health updates
Recent updates
Guangdong Ellington Electronics TechnologyLtd (SHSE:603328) May Have Issues Allocating Its Capital
Oct 15
We Think Guangdong Ellington Electronics TechnologyLtd (SHSE:603328) Can Manage Its Debt With Ease
Sep 26Not Many Are Piling Into Guangdong Ellington Electronics Technology Co.,Ltd (SHSE:603328) Just Yet
Aug 29Here's What's Concerning About Guangdong Ellington Electronics TechnologyLtd's (SHSE:603328) Returns On Capital
Apr 29Guangdong Ellington Electronics Technology Co.,Ltd's (SHSE:603328) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Mar 07Financial Position Analysis
Short Term Liabilities: 603328's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603328's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥98.5M).
Debt to Equity History and Analysis
Debt Level: 603328 has more cash than its total debt.
Reducing Debt: 603328's debt to equity ratio has increased from 0% to 5.3% over the past 5 years.
Debt Coverage: 603328's debt is well covered by operating cash flow (192%).
Interest Coverage: 603328 earns more interest than it pays, so coverage of interest payments is not a concern.