Sichuan Guangan Aaa PublicLtd Balance Sheet Health
Financial Health criteria checks 2/6
Sichuan Guangan Aaa PublicLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 60.9%. Its total assets and total liabilities are CN¥11.4B and CN¥6.6B respectively. Sichuan Guangan Aaa PublicLtd's EBIT is CN¥528.3M making its interest coverage ratio 15.4. It has cash and short-term investments of CN¥568.0M.
Key information
60.9%
Debt to equity ratio
CN¥2.92b
Debt
| Interest coverage ratio | 15.4x |
| Cash | CN¥568.02m |
| Equity | CN¥4.79b |
| Total liabilities | CN¥6.56b |
| Total assets | CN¥11.36b |
Recent financial health updates
No updates
Recent updates
Earnings Working Against Sichuan Guangan Aaa Public Co.,Ltd's (SHSE:600979) Share Price
Oct 31
Calculating The Fair Value Of Sichuan Guangan Aaa Public Co.,Ltd (SHSE:600979)
Sep 28Additional Considerations Required While Assessing Sichuan Guangan Aaa PublicLtd's (SHSE:600979) Strong Earnings
Sep 06There's No Escaping Sichuan Guangan Aaa Public Co.,Ltd's (SHSE:600979) Muted Earnings Despite A 30% Share Price Rise
May 21Financial Position Analysis
Short Term Liabilities: 600979's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥2.0B).
Long Term Liabilities: 600979's short term assets (CN¥1.8B) do not cover its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: 600979's net debt to equity ratio (49%) is considered high.
Reducing Debt: 600979's debt to equity ratio has increased from 49.7% to 60.9% over the past 5 years.
Debt Coverage: 600979's debt is well covered by operating cash flow (22.8%).
Interest Coverage: 600979's interest payments on its debt are well covered by EBIT (15.4x coverage).