Gettop Acoustic Co., Ltd.

SZSE:002655 Stock Report

Market Cap: CN¥4.8b

Gettop Acoustic Balance Sheet Health

Financial Health criteria checks 5/6

Gettop Acoustic has a total shareholder equity of CN¥678.1M and total debt of CN¥340.6M, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are CN¥1.5B and CN¥833.8M respectively. Gettop Acoustic's EBIT is CN¥125.4M making its interest coverage ratio 19.5. It has cash and short-term investments of CN¥172.2M.

Key information

50.2%

Debt to equity ratio

CN¥340.64m

Debt

Interest coverage ratio19.5x
CashCN¥172.16m
EquityCN¥678.06m
Total liabilitiesCN¥833.76m
Total assetsCN¥1.51b

Recent financial health updates

Is Gettop Acoustic (SZSE:002655) Using Too Much Debt?

Oct 21
Is Gettop Acoustic (SZSE:002655) Using Too Much Debt?

These 4 Measures Indicate That Gettop Acoustic (SZSE:002655) Is Using Debt Safely

Jul 02
These 4 Measures Indicate That Gettop Acoustic (SZSE:002655) Is Using Debt Safely

Recent updates

Gettop Acoustic Co., Ltd.'s (SZSE:002655) 27% Share Price Surge Not Quite Adding Up

Nov 11
Gettop Acoustic Co., Ltd.'s (SZSE:002655) 27% Share Price Surge Not Quite Adding Up

Is Gettop Acoustic (SZSE:002655) Using Too Much Debt?

Oct 21
Is Gettop Acoustic (SZSE:002655) Using Too Much Debt?

These 4 Measures Indicate That Gettop Acoustic (SZSE:002655) Is Using Debt Safely

Jul 02
These 4 Measures Indicate That Gettop Acoustic (SZSE:002655) Is Using Debt Safely

There's Been No Shortage Of Growth Recently For Gettop Acoustic's (SZSE:002655) Returns On Capital

May 31
There's Been No Shortage Of Growth Recently For Gettop Acoustic's (SZSE:002655) Returns On Capital

Statutory Profit Doesn't Reflect How Good Gettop Acoustic's (SZSE:002655) Earnings Are

May 06
Statutory Profit Doesn't Reflect How Good Gettop Acoustic's (SZSE:002655) Earnings Are

There's Reason For Concern Over Gettop Acoustic Co., Ltd.'s (SZSE:002655) Massive 33% Price Jump

Mar 06
There's Reason For Concern Over Gettop Acoustic Co., Ltd.'s (SZSE:002655) Massive 33% Price Jump

Gettop Acoustic's (SZSE:002655) Returns On Capital Are Heading Higher

Feb 27
Gettop Acoustic's (SZSE:002655) Returns On Capital Are Heading Higher

Financial Position Analysis

Short Term Liabilities: 002655's short term assets (CN¥996.1M) exceed its short term liabilities (CN¥756.1M).

Long Term Liabilities: 002655's short term assets (CN¥996.1M) exceed its long term liabilities (CN¥77.6M).

Debt to Equity History and Analysis

Debt Level: 002655's net debt to equity ratio (24.8%) is considered satisfactory.

Reducing Debt: 002655's debt to equity ratio has increased from 46.6% to 50.2% over the past 5 years.

Debt Coverage: 002655's debt is well covered by operating cash flow (27%).

Interest Coverage: 002655's interest payments on its debt are well covered by EBIT (19.5x coverage).

Balance Sheet

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