Guangdong Goworld Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Goworld has a total shareholder equity of CN¥5.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are CN¥8.4B and CN¥3.1B respectively. Guangdong Goworld's EBIT is CN¥277.6M making its interest coverage ratio 12.6. It has cash and short-term investments of CN¥1.8B.
Key information
28.1%
Debt to equity ratio
CN¥1.49b
Debt
| Interest coverage ratio | 12.6x |
| Cash | CN¥1.81b |
| Equity | CN¥5.31b |
| Total liabilities | CN¥3.06b |
| Total assets | CN¥8.37b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000823's short term assets (CN¥4.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 000823's short term assets (CN¥4.9B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 000823 has more cash than its total debt.
Reducing Debt: 000823's debt to equity ratio has increased from 11.3% to 28.1% over the past 5 years.
Debt Coverage: 000823's debt is well covered by operating cash flow (31.2%).
Interest Coverage: 000823's interest payments on its debt are well covered by EBIT (12.6x coverage).