Dongguan Development (Holdings) Balance Sheet Health
Financial Health criteria checks 4/6
Dongguan Development (Holdings) has a total shareholder equity of CN¥9.7B and total debt of CN¥7.9B, which brings its debt-to-equity ratio to 81%. Its total assets and total liabilities are CN¥18.1B and CN¥8.3B respectively. Dongguan Development (Holdings)'s EBIT is CN¥877.6M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥5.2B.
Key information
81.0%
Debt to equity ratio
CN¥7.88b
Debt
| Interest coverage ratio | -2.4x |
| Cash | CN¥5.16b |
| Equity | CN¥9.74b |
| Total liabilities | CN¥8.34b |
| Total assets | CN¥18.08b |
Recent financial health updates
Recent updates
Dongguan Development (Holdings) Co., Ltd. (SZSE:000828) Shares Fly 38% But Investors Aren't Buying For Growth
Oct 08
We Think Dongguan Development (Holdings) (SZSE:000828) Is Taking Some Risk With Its Debt
Jul 31Dongguan Development (Holdings) (SZSE:000828) Could Be Struggling To Allocate Capital
Jun 24Dongguan Development (Holdings)'s (SZSE:000828) Soft Earnings Don't Show The Whole Picture
Apr 22Dongguan Development (Holdings) Co., Ltd.'s (SZSE:000828) Share Price Is Matching Sentiment Around Its Earnings
Apr 17Capital Allocation Trends At Dongguan Development (Holdings) (SZSE:000828) Aren't Ideal
Mar 14Financial Position Analysis
Short Term Liabilities: 000828's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 000828's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 000828's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 000828's debt to equity ratio has increased from 54.4% to 81% over the past 5 years.
Debt Coverage: 000828's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 000828 earns more interest than it pays, so coverage of interest payments is not a concern.