GL TechLtd Balance Sheet Health
Financial Health criteria checks 4/6
GL TechLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥401.8M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are CN¥2.1B and CN¥611.4M respectively. GL TechLtd's EBIT is CN¥70.8M making its interest coverage ratio -185.7. It has cash and short-term investments of CN¥658.0M.
Key information
27.6%
Debt to equity ratio
CN¥401.76m
Debt
| Interest coverage ratio | -185.7x |
| Cash | CN¥658.04m |
| Equity | CN¥1.46b |
| Total liabilities | CN¥611.38m |
| Total assets | CN¥2.07b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300480's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥175.9M).
Long Term Liabilities: 300480's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥435.5M).
Debt to Equity History and Analysis
Debt Level: 300480 has more cash than its total debt.
Reducing Debt: 300480's debt to equity ratio has increased from 0% to 27.6% over the past 5 years.
Debt Coverage: 300480's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300480 earns more interest than it pays, so coverage of interest payments is not a concern.