Hefei Gocom Information TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hefei Gocom Information TechnologyLtd has a total shareholder equity of CN¥577.9M and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥773.2M and CN¥195.3M respectively. Hefei Gocom Information TechnologyLtd's EBIT is CN¥17.7M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥160.5M.
Key information
1.7%
Debt to equity ratio
CN¥10.00m
Debt
Interest coverage ratio | -7.5x |
Cash | CN¥160.55m |
Equity | CN¥577.85m |
Total liabilities | CN¥195.35m |
Total assets | CN¥773.20m |
Financial Position Analysis
Short Term Liabilities: 688367's short term assets (CN¥622.1M) exceed its short term liabilities (CN¥180.3M).
Long Term Liabilities: 688367's short term assets (CN¥622.1M) exceed its long term liabilities (CN¥15.0M).
Debt to Equity History and Analysis
Debt Level: 688367 has more cash than its total debt.
Reducing Debt: 688367's debt to equity ratio has increased from 0% to 1.7% over the past 5 years.
Debt Coverage: 688367's debt is well covered by operating cash flow (347.2%).
Interest Coverage: 688367 earns more interest than it pays, so coverage of interest payments is not a concern.