Taizhou Water Group Balance Sheet Health
Financial Health criteria checks 0/6
Taizhou Water Group has a total shareholder equity of CN¥1.0B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 353.9%. Its total assets and total liabilities are CN¥5.8B and CN¥4.8B respectively. Taizhou Water Group's EBIT is CN¥61.8M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥349.2M.
Key information
353.9%
Debt to equity ratio
CN¥3.64b
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥349.16m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥4.77b |
| Total assets | CN¥5.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GX5's short term assets (CN¥572.1M) do not cover its short term liabilities (CN¥1.2B).
Long Term Liabilities: GX5's short term assets (CN¥572.1M) do not cover its long term liabilities (CN¥3.5B).
Debt to Equity History and Analysis
Debt Level: GX5's net debt to equity ratio (320%) is considered high.
Reducing Debt: GX5's debt to equity ratio has increased from 186.4% to 353.9% over the past 5 years.
Debt Coverage: GX5's debt is not well covered by operating cash flow (6.6%).
Interest Coverage: GX5's interest payments on its debt are not well covered by EBIT (0.5x coverage).