Grandtop Yongxing GroupLtd Balance Sheet Health
Financial Health criteria checks 2/6
Grandtop Yongxing GroupLtd has a total shareholder equity of CN¥10.5B and total debt of CN¥12.2B, which brings its debt-to-equity ratio to 116.3%. Its total assets and total liabilities are CN¥26.2B and CN¥15.7B respectively. Grandtop Yongxing GroupLtd's EBIT is CN¥1.1B making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥3.3B.
Key information
116.3%
Debt to equity ratio
CN¥12.20b
Debt
Interest coverage ratio | 3.4x |
Cash | CN¥3.25b |
Equity | CN¥10.49b |
Total liabilities | CN¥15.74b |
Total assets | CN¥26.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601033's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥5.5B).
Long Term Liabilities: 601033's short term assets (CN¥5.6B) do not cover its long term liabilities (CN¥10.3B).
Debt to Equity History and Analysis
Debt Level: 601033's net debt to equity ratio (85.3%) is considered high.
Reducing Debt: Insufficient data to determine if 601033's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 601033's debt is not well covered by operating cash flow (15.5%).
Interest Coverage: 601033's interest payments on its debt are well covered by EBIT (3.4x coverage).