Gettop Acoustic Balance Sheet Health
Financial Health criteria checks 6/6
Gettop Acoustic has a total shareholder equity of CN¥638.5M and total debt of CN¥255.6M, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CN¥1.4B and CN¥800.3M respectively. Gettop Acoustic's EBIT is CN¥87.3M making its interest coverage ratio 14.1. It has cash and short-term investments of CN¥175.5M.
Key information
40.0%
Debt to equity ratio
CN¥255.64m
Debt
Interest coverage ratio | 14.1x |
Cash | CN¥175.46m |
Equity | CN¥638.46m |
Total liabilities | CN¥800.34m |
Total assets | CN¥1.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002655's short term assets (CN¥987.5M) exceed its short term liabilities (CN¥707.1M).
Long Term Liabilities: 002655's short term assets (CN¥987.5M) exceed its long term liabilities (CN¥93.2M).
Debt to Equity History and Analysis
Debt Level: 002655's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 002655's debt to equity ratio has reduced from 42.8% to 40% over the past 5 years.
Debt Coverage: 002655's debt is well covered by operating cash flow (35%).
Interest Coverage: 002655's interest payments on its debt are well covered by EBIT (14.1x coverage).