Goertek Balance Sheet Health
Financial Health criteria checks 6/6
Goertek has a total shareholder equity of CN¥31.4B and total debt of CN¥14.3B, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are CN¥70.6B and CN¥39.2B respectively. Goertek's EBIT is CN¥1.1B making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥17.4B.
Key information
45.5%
Debt to equity ratio
CN¥14.29b
Debt
| Interest coverage ratio | 4.8x |
| Cash | CN¥17.44b |
| Equity | CN¥31.42b |
| Total liabilities | CN¥39.23b |
| Total assets | CN¥70.65b |
Financial Position Analysis
Short Term Liabilities: 002241's short term assets (CN¥37.8B) exceed its short term liabilities (CN¥31.0B).
Long Term Liabilities: 002241's short term assets (CN¥37.8B) exceed its long term liabilities (CN¥8.3B).
Debt to Equity History and Analysis
Debt Level: 002241 has more cash than its total debt.
Reducing Debt: 002241's debt to equity ratio has reduced from 47.4% to 45.5% over the past 5 years.
Debt Coverage: 002241's debt is well covered by operating cash flow (66.8%).
Interest Coverage: 002241's interest payments on its debt are well covered by EBIT (4.8x coverage).