Guangdong Goworld Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Goworld has a total shareholder equity of CN¥5.2B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are CN¥8.2B and CN¥3.0B respectively. Guangdong Goworld's EBIT is CN¥251.1M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥2.0B.
Key information
31.6%
Debt to equity ratio
CN¥1.65b
Debt
Interest coverage ratio | 8.3x |
Cash | CN¥1.97b |
Equity | CN¥5.20b |
Total liabilities | CN¥3.01b |
Total assets | CN¥8.21b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000823's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 000823's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥1.3B).
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 11.9% to 31.6% over the past 5 years.
Debt Coverage: 000823's debt is well covered by operating cash flow (34.4%).
Interest Coverage: 000823's interest payments on its debt are well covered by EBIT (8.3x coverage).