Guangzhou Devotion Thermal Technology Co., Ltd.

XSEC:300335 Stock Report

Market Cap: CN¥2.5b

Guangzhou Devotion Thermal Technology Balance Sheet Health

Financial Health criteria checks 6/6

Guangzhou Devotion Thermal Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥128.3M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥2.8B and CN¥744.2M respectively. Guangzhou Devotion Thermal Technology's EBIT is CN¥123.8M making its interest coverage ratio -12.9. It has cash and short-term investments of CN¥319.3M.

Key information

6.3%

Debt to equity ratio

CN¥128.27m

Debt

Interest coverage ratio-12.9x
CashCN¥319.25m
EquityCN¥2.04b
Total liabilitiesCN¥744.15m
Total assetsCN¥2.79b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 300335's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥649.9M).

Long Term Liabilities: 300335's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥94.3M).


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 49.7% to 6.3% over the past 5 years.

Debt Coverage: 300335's debt is well covered by operating cash flow (171.5%).

Interest Coverage: 300335 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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