Goertek Balance Sheet Health
Financial Health criteria checks 5/6
Goertek has a total shareholder equity of CN¥33.0B and total debt of CN¥17.0B, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CN¥81.4B and CN¥48.4B respectively. Goertek's EBIT is CN¥2.4B making its interest coverage ratio 17.5. It has cash and short-term investments of CN¥17.0B.
Key information
51.5%
Debt to equity ratio
CN¥16.99b
Debt
| Interest coverage ratio | 17.5x |
| Cash | CN¥17.02b |
| Equity | CN¥33.01b |
| Total liabilities | CN¥48.37b |
| Total assets | CN¥81.38b |
Recent financial health updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Goertek (SZSE:002241)
Oct 30
Insufficient Growth At Goertek Inc. (SZSE:002241) Hampers Share Price
Oct 18Be Wary Of Goertek (SZSE:002241) And Its Returns On Capital
Sep 17Does Goertek (SZSE:002241) Have A Healthy Balance Sheet?
Sep 03What Does Goertek Inc.'s (SZSE:002241) Share Price Indicate?
Aug 15Investors Appear Satisfied With Goertek Inc.'s (SZSE:002241) Prospects As Shares Rocket 26%
Jul 15Goertek (SZSE:002241) Will Want To Turn Around Its Return Trends
Jun 11Getting In Cheap On Goertek Inc. (SZSE:002241) Might Be Difficult
May 27Goertek's (SZSE:002241) Dividend Will Be CN¥0.10
May 27Is It Time To Consider Buying Goertek Inc. (SZSE:002241)?
May 11Goertek's (SZSE:002241) Shareholders Have More To Worry About Than Only Soft Earnings
Apr 03Goertek Inc. Just Missed EPS By 37%: Here's What Analysts Think Will Happen Next
Mar 31Calculating The Fair Value Of Goertek Inc. (SZSE:002241)
Mar 18Financial Position Analysis
Short Term Liabilities: 002241's short term assets (CN¥49.2B) exceed its short term liabilities (CN¥43.6B).
Long Term Liabilities: 002241's short term assets (CN¥49.2B) exceed its long term liabilities (CN¥4.7B).
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 increased from 45.9% to 51.5% over the past 5 years.
Debt Coverage: 002241's debt is well covered by operating cash flow (43.6%).
Interest Coverage: 002241's interest payments on its debt are well covered by EBIT (17.5x coverage).