Guangdong Shunkong DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Shunkong DevelopmentLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 51.4%. Its total assets and total liabilities are CN¥6.8B and CN¥3.3B respectively. Guangdong Shunkong DevelopmentLtd's EBIT is CN¥481.5M making its interest coverage ratio 39.9. It has cash and short-term investments of CN¥1.3B.
Key information
51.4%
Debt to equity ratio
CN¥1.78b
Debt
Interest coverage ratio | 39.9x |
Cash | CN¥1.34b |
Equity | CN¥3.46b |
Total liabilities | CN¥3.33b |
Total assets | CN¥6.79b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 003039's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 003039's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 003039's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: 003039's debt to equity ratio has reduced from 82.6% to 51.4% over the past 5 years.
Debt Coverage: 003039's debt is well covered by operating cash flow (29.1%).
Interest Coverage: 003039's interest payments on its debt are well covered by EBIT (39.9x coverage).