Sichuan Guangan Aaa PublicLtd Balance Sheet Health
Financial Health criteria checks 2/6
Sichuan Guangan Aaa PublicLtd has a total shareholder equity of CN¥4.7B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 63.4%. Its total assets and total liabilities are CN¥11.0B and CN¥6.3B respectively. Sichuan Guangan Aaa PublicLtd's EBIT is CN¥459.3M making its interest coverage ratio -21.5. It has cash and short-term investments of CN¥632.4M.
Key information
63.4%
Debt to equity ratio
CN¥2.98b
Debt
Interest coverage ratio | -21.5x |
Cash | CN¥632.44m |
Equity | CN¥4.70b |
Total liabilities | CN¥6.30b |
Total assets | CN¥11.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600979's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600979's short term assets (CN¥1.7B) do not cover its long term liabilities (CN¥4.4B).
Debt to Equity History and Analysis
Debt Level: 600979's net debt to equity ratio (50%) is considered high.
Reducing Debt: 600979's debt to equity ratio has increased from 39.1% to 63.4% over the past 5 years.
Debt Coverage: 600979's debt is well covered by operating cash flow (26%).
Interest Coverage: 600979 earns more interest than it pays, so coverage of interest payments is not a concern.