Taizhou Water Group Balance Sheet Health
Financial Health criteria checks 0/6
Taizhou Water Group has a total shareholder equity of CN¥1.1B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 330.1%. Its total assets and total liabilities are CN¥5.9B and CN¥4.8B respectively. Taizhou Water Group's EBIT is CN¥57.5M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥450.9M.
Key information
330.1%
Debt to equity ratio
CN¥3.56b
Debt
Interest coverage ratio | 0.5x |
Cash | CN¥450.91m |
Equity | CN¥1.08b |
Total liabilities | CN¥4.83b |
Total assets | CN¥5.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GX5's short term assets (CN¥640.4M) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: GX5's short term assets (CN¥640.4M) 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 (288.3%) is considered high.
Reducing Debt: GX5's debt to equity ratio has increased from 155.7% to 330.1% over the past 5 years.
Debt Coverage: GX5's debt is not well covered by operating cash flow (6%).
Interest Coverage: GX5's interest payments on its debt are not well covered by EBIT (0.5x coverage).