GL TechLtd Balance Sheet Health
Financial Health criteria checks 4/6
GL TechLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥410.1M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥2.0B and CN¥615.6M respectively. GL TechLtd's EBIT is CN¥7.3M making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥554.7M.
Key information
29.7%
Debt to equity ratio
CN¥410.07m
Debt
| Interest coverage ratio | 3.5x |
| Cash | CN¥554.72m |
| Equity | CN¥1.38b |
| Total liabilities | CN¥615.61m |
| Total assets | CN¥2.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300480's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥177.7M).
Long Term Liabilities: 300480's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥437.9M).
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 5.5% to 29.7% over the past 5 years.
Debt Coverage: 300480's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300480's interest payments on its debt are well covered by EBIT (3.5x coverage).