Goertek Balance Sheet Health
Financial Health criteria checks 6/6
Goertek has a total shareholder equity of CN¥31.9B and total debt of CN¥14.3B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are CN¥73.8B and CN¥42.0B respectively. Goertek's EBIT is CN¥1.8B making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥17.7B.
Key information
44.9%
Debt to equity ratio
CN¥14.29b
Debt
| Interest coverage ratio | 9.1x |
| Cash | CN¥17.67b |
| Equity | CN¥31.86b |
| Total liabilities | CN¥41.96b |
| Total assets | CN¥73.82b |
Recent financial health updates
Recent updates
Does Goertek (SZSE:002241) Have A Healthy Balance Sheet?
Sep 03
What 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¥41.7B) exceed its short term liabilities (CN¥35.6B).
Long Term Liabilities: 002241's short term assets (CN¥41.7B) exceed its long term liabilities (CN¥6.4B).
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 50.8% to 44.9% over the past 5 years.
Debt Coverage: 002241's debt is well covered by operating cash flow (59.6%).
Interest Coverage: 002241's interest payments on its debt are well covered by EBIT (9.1x coverage).