Guangzhou Devotion Thermal Technology Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Devotion Thermal Technology has a total shareholder equity of CN¥2.1B and total debt of CN¥151.2M, which brings its debt-to-equity ratio to 7.4%. Its total assets and total liabilities are CN¥2.8B and CN¥748.6M respectively. Guangzhou Devotion Thermal Technology's EBIT is CN¥119.5M making its interest coverage ratio -44.9. It has cash and short-term investments of CN¥356.1M.
Key information
7.4%
Debt to equity ratio
CN¥151.16m
Debt
| Interest coverage ratio | -44.9x |
| Cash | CN¥356.14m |
| Equity | CN¥2.06b |
| Total liabilities | CN¥748.63m |
| Total assets | CN¥2.80b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300335's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥646.4M).
Long Term Liabilities: 300335's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥102.2M).
Debt to Equity History and Analysis
Debt Level: 300335 has more cash than its total debt.
Reducing Debt: 300335's debt to equity ratio has reduced from 67.8% to 7.4% over the past 5 years.
Debt Coverage: 300335's debt is well covered by operating cash flow (96.9%).
Interest Coverage: 300335 earns more interest than it pays, so coverage of interest payments is not a concern.