Guangdong Chant Group Balance Sheet Health
Financial Health criteria checks 1/6
Guangdong Chant Group has a total shareholder equity of CN¥2.7B and total debt of CN¥6.3B, which brings its debt-to-equity ratio to 231.9%. Its total assets and total liabilities are CN¥10.5B and CN¥7.7B respectively. Guangdong Chant Group's EBIT is CN¥531.9M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥639.5M.
Key information
231.9%
Debt to equity ratio
CN¥6.30b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥639.52m |
| Equity | CN¥2.72b |
| Total liabilities | CN¥7.75b |
| Total assets | CN¥10.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002616's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002616's short term assets (CN¥4.2B) do not cover its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 002616's net debt to equity ratio (208.4%) is considered high.
Reducing Debt: 002616's debt to equity ratio has increased from 120.5% to 231.9% over the past 5 years.
Debt Coverage: 002616's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: 002616's interest payments on its debt are not well covered by EBIT (1.8x coverage).