Guangzhou Haige Communications Group Balance Sheet Health
Financial Health criteria checks 4/6
Guangzhou Haige Communications Group has a total shareholder equity of CN¥11.3B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥16.4B and CN¥5.2B respectively. Guangzhou Haige Communications Group's EBIT is CN¥660.5M making its interest coverage ratio -12.5. It has cash and short-term investments of CN¥2.2B.
Key information
10.7%
Debt to equity ratio
CN¥1.21b
Debt
Interest coverage ratio | -12.5x |
Cash | CN¥2.23b |
Equity | CN¥11.28b |
Total liabilities | CN¥5.16b |
Total assets | CN¥16.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002465's short term assets (CN¥10.4B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 002465's short term assets (CN¥10.4B) exceed its long term liabilities (CN¥592.0M).
Debt to Equity History and Analysis
Debt Level: 002465 has more cash than its total debt.
Reducing Debt: 002465's debt to equity ratio has increased from 10.1% to 10.7% over the past 5 years.
Debt Coverage: 002465's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002465 earns more interest than it pays, so coverage of interest payments is not a concern.