Guangzhou Haige Communications Group Balance Sheet Health
Financial Health criteria checks 4/6
Guangzhou Haige Communications Group has a total shareholder equity of CN¥13.5B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are CN¥19.3B and CN¥5.8B respectively. Guangzhou Haige Communications Group's EBIT is CN¥553.2M making its interest coverage ratio -9.3. It has cash and short-term investments of CN¥4.6B.
Key information
14.8%
Debt to equity ratio
CN¥2.00b
Debt
Interest coverage ratio | -9.3x |
Cash | CN¥4.57b |
Equity | CN¥13.54b |
Total liabilities | CN¥5.76b |
Total assets | CN¥19.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002465's short term assets (CN¥12.9B) exceed its short term liabilities (CN¥5.2B).
Long Term Liabilities: 002465's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥601.4M).
Debt to Equity History and Analysis
Debt Level: 002465 has more cash than its total debt.
Reducing Debt: 002465's debt to equity ratio has increased from 7.9% to 14.8% over the past 5 years.
Debt Coverage: 002465's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002465 earns more interest than it pays, so coverage of interest payments is not a concern.