Googol Technology Balance Sheet Health
Financial Health criteria checks 6/6
Googol Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥7.9M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥1.4B and CN¥138.7M respectively. Googol Technology's EBIT is CN¥23.0M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥374.8M.
Key information
0.6%
Debt to equity ratio
CN¥7.95m
Debt
Interest coverage ratio | -2.2x |
Cash | CN¥374.77m |
Equity | CN¥1.26b |
Total liabilities | CN¥138.66m |
Total assets | CN¥1.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301510's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥124.5M).
Long Term Liabilities: 301510's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥14.2M).
Debt to Equity History and Analysis
Debt Level: 301510 has more cash than its total debt.
Reducing Debt: 301510's debt to equity ratio has reduced from 15.5% to 0.6% over the past 5 years.
Debt Coverage: 301510's debt is well covered by operating cash flow (65.2%).
Interest Coverage: 301510 earns more interest than it pays, so coverage of interest payments is not a concern.