Victory Giant Technology (HuiZhou)Co.Ltd Balance Sheet Health
Financial Health criteria checks 4/6
Victory Giant Technology (HuiZhou)Co.Ltd has a total shareholder equity of CN¥7.8B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥17.0B and CN¥9.2B respectively. Victory Giant Technology (HuiZhou)Co.Ltd's EBIT is CN¥842.7M making its interest coverage ratio 25.8. It has cash and short-term investments of CN¥1.8B.
Key information
58.4%
Debt to equity ratio
CN¥4.54b
Debt
Interest coverage ratio | 25.8x |
Cash | CN¥1.83b |
Equity | CN¥7.78b |
Total liabilities | CN¥9.25b |
Total assets | CN¥17.02b |
Recent financial health updates
Recent updates
Market Participants Recognise Victory Giant Technology (HuiZhou)Co.,Ltd.'s (SZSE:300476) Earnings Pushing Shares 29% Higher
Apr 26Is Victory Giant Technology (HuiZhou)Co.Ltd (SZSE:300476) Using Too Much Debt?
Apr 21Estimating The Fair Value Of Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476)
Mar 15Financial Position Analysis
Short Term Liabilities: 300476's short term assets (CN¥7.1B) do not cover its short term liabilities (CN¥7.1B).
Long Term Liabilities: 300476's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 300476's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 300476's debt to equity ratio has increased from 17.8% to 58.4% over the past 5 years.
Debt Coverage: 300476's debt is well covered by operating cash flow (29.8%).
Interest Coverage: 300476's interest payments on its debt are well covered by EBIT (25.8x coverage).