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¥111.1M making its interest coverage ratio -9.5. 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 | -9.5x |
| Cash | CN¥319.25m |
| Equity | CN¥2.04b |
| Total liabilities | CN¥744.15m |
| Total assets | CN¥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.