NanJing GOVA Technology Balance Sheet Health
Financial Health criteria checks 5/6
NanJing GOVA Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥1.9B and CN¥180.8M respectively. NanJing GOVA Technology's EBIT is CN¥68.0M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥1.0B.
Key information
1.1%
Debt to equity ratio
CN¥20.01m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥1.04b |
| Equity | CN¥1.75b |
| Total liabilities | CN¥180.78m |
| Total assets | CN¥1.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688539's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥143.6M).
Long Term Liabilities: 688539's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥37.2M).
Debt to Equity History and Analysis
Debt Level: 688539 has more cash than its total debt.
Reducing Debt: 688539's debt to equity ratio has reduced from 42.1% to 1.1% over the past 5 years.
Debt Coverage: 688539's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688539 earns more interest than it pays, so coverage of interest payments is not a concern.