China Golden Classic Group Balance Sheet Health
Financial Health criteria checks 6/6
China Golden Classic Group has a total shareholder equity of CN¥263.7M and total debt of CN¥5.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥348.6M and CN¥84.9M respectively. China Golden Classic Group's EBIT is CN¥3.1M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥80.3M.
Key information
1.9%
Debt to equity ratio
CN¥5.00m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥80.31m |
| Equity | CN¥263.68m |
| Total liabilities | CN¥84.88m |
| Total assets | CN¥348.56m |
Recent financial health updates
Here's Why China Golden Classic Group (HKG:8281) Can Manage Its Debt Responsibly
May 05
We Think China Golden Classic Group (HKG:8281) Can Stay On Top Of Its Debt
May 07These 4 Measures Indicate That China Golden Classic Group (HKG:8281) Is Using Debt Reasonably Well
Sep 07China Golden Classic Group (HKG:8281) Has A Rock Solid Balance Sheet
Apr 01Recent updates
Calculating The Fair Value Of China Golden Classic Group Limited (HKG:8281)
Jan 19China Golden Classic Group (HKG:8281) Is Reinvesting At Lower Rates Of Return
Sep 19If EPS Growth Is Important To You, China Golden Classic Group (HKG:8281) Presents An Opportunity
Jun 01Here's Why China Golden Classic Group (HKG:8281) Can Manage Its Debt Responsibly
May 05We Like These Underlying Return On Capital Trends At China Golden Classic Group (HKG:8281)
Feb 21China Golden Classic Group's (HKG:8281) Returns On Capital Are Heading Higher
Jun 12We Think China Golden Classic Group (HKG:8281) Can Stay On Top Of Its Debt
May 07Does China Golden Classic Group (HKG:8281) Deserve A Spot On Your Watchlist?
Mar 26China Golden Classic Group (HKG:8281) Could Be Struggling To Allocate Capital
Feb 25Calculating The Intrinsic Value Of China Golden Classic Group Limited (HKG:8281)
Jan 10I Ran A Stock Scan For Earnings Growth And China Golden Classic Group (HKG:8281) Passed With Ease
Dec 06Be Wary Of China Golden Classic Group (HKG:8281) And Its Returns On Capital
Nov 11These 4 Measures Indicate That China Golden Classic Group (HKG:8281) Is Using Debt Reasonably Well
Sep 07China Golden Classic Group (HKG:8281) Will Be Hoping To Turn Its Returns On Capital Around
Aug 03With EPS Growth And More, China Golden Classic Group (HKG:8281) Is Interesting
May 31China Golden Classic Group (HKG:8281) May Have Issues Allocating Its Capital
May 05China Golden Classic Group (HKG:8281) Has A Rock Solid Balance Sheet
Apr 01Will China Golden Classic Group (HKG:8281) Multiply In Value Going Forward?
Jan 21
What We Learned About China Golden Classic Group's (HKG:8281) CEO Pay
Dec 17Is Now The Time To Put China Golden Classic Group (HKG:8281) On Your Watchlist?
Nov 26Financial Position Analysis
Short Term Liabilities: 8281's short term assets (CN¥178.7M) exceed its short term liabilities (CN¥84.9M).
Long Term Liabilities: 8281 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8281 has more cash than its total debt.
Reducing Debt: 8281's debt to equity ratio has reduced from 28.8% to 1.9% over the past 5 years.
Debt Coverage: 8281's debt is well covered by operating cash flow (596.5%).
Interest Coverage: 8281 earns more interest than it pays, so coverage of interest payments is not a concern.