GuangDong ShaoNeng Group Balance Sheet Health
Financial Health criteria checks 2/6
GuangDong ShaoNeng Group has a total shareholder equity of CN¥4.8B and total debt of CN¥6.6B, which brings its debt-to-equity ratio to 138.8%. Its total assets and total liabilities are CN¥12.9B and CN¥8.1B respectively. GuangDong ShaoNeng Group's EBIT is CN¥133.9M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥447.2M.
Key information
138.8%
Debt to equity ratio
CN¥6.64b
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥447.23m |
| Equity | CN¥4.78b |
| Total liabilities | CN¥8.08b |
| Total assets | CN¥12.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000601's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 000601's short term assets (CN¥3.2B) do not cover its long term liabilities (CN¥5.3B).
Debt to Equity History and Analysis
Debt Level: 000601's net debt to equity ratio (129.5%) is considered high.
Reducing Debt: 000601's debt to equity ratio has increased from 83.6% to 138.8% over the past 5 years.
Debt Coverage: 000601's debt is well covered by operating cash flow (20.6%).
Interest Coverage: 000601's interest payments on its debt are not well covered by EBIT (0.5x coverage).