Guangdong Shunkong Development Co.,Ltd.

SZSE:003039 Stock Report

Market Cap: CN¥9.0b

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 50.3%. Its total assets and total liabilities are CN¥6.4B and CN¥2.8B respectively. Guangdong Shunkong DevelopmentLtd's EBIT is CN¥526.9M making its interest coverage ratio 11.7. It has cash and short-term investments of CN¥725.2M.

Key information

50.3%

Debt to equity ratio

CN¥1.77b

Debt

Interest coverage ratio11.7x
CashCN¥725.23m
EquityCN¥3.52b
Total liabilitiesCN¥2.85b
Total assetsCN¥6.36b

Recent financial health updates

Recent updates

Guangdong Shunkong Development Co.,Ltd.'s (SZSE:003039) Share Price Not Quite Adding Up

Nov 27
Guangdong Shunkong Development Co.,Ltd.'s (SZSE:003039) Share Price Not Quite Adding Up

Guangdong Shunkong DevelopmentLtd (SZSE:003039) Has A Pretty Healthy Balance Sheet

Sep 25
Guangdong Shunkong DevelopmentLtd (SZSE:003039) Has A Pretty Healthy Balance Sheet

Guangdong Shunkong DevelopmentLtd's (SZSE:003039) Dividend Will Be Increased To CN¥0.173

Jun 27
Guangdong Shunkong DevelopmentLtd's (SZSE:003039) Dividend Will Be Increased To CN¥0.173

Getting In Cheap On Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) Is Unlikely

Jun 03
Getting In Cheap On Guangdong Shunkong Development Co.,Ltd. (SZSE:003039) Is Unlikely

Investors Met With Slowing Returns on Capital At Guangdong Shunkong DevelopmentLtd (SZSE:003039)

Apr 21
Investors Met With Slowing Returns on Capital At Guangdong Shunkong DevelopmentLtd (SZSE:003039)

Here's Why Guangdong Shunkong DevelopmentLtd (SZSE:003039) Can Manage Its Debt Responsibly

Feb 28
Here's Why Guangdong Shunkong DevelopmentLtd (SZSE:003039) Can Manage Its Debt Responsibly

Financial Position Analysis

Short Term Liabilities: 003039's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.2B).

Long Term Liabilities: 003039's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥1.7B).


Debt to Equity History and Analysis

Debt Level: 003039's net debt to equity ratio (29.7%) is considered satisfactory.

Reducing Debt: 003039's debt to equity ratio has reduced from 74.6% to 50.3% over the past 5 years.

Debt Coverage: 003039's debt is well covered by operating cash flow (28%).

Interest Coverage: 003039's interest payments on its debt are well covered by EBIT (11.7x coverage).


Balance Sheet


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