Ganglong China Property Group Balance Sheet Health
Financial Health criteria checks 4/6
Ganglong China Property Group has a total shareholder equity of CN¥11.3B and total debt of CN¥8.0B, which brings its debt-to-equity ratio to 70.6%. Its total assets and total liabilities are CN¥31.6B and CN¥20.3B respectively. Ganglong China Property Group's EBIT is CN¥1.7B making its interest coverage ratio 21.4. It has cash and short-term investments of CN¥570.2M.
Key information
70.6%
Debt to equity ratio
CN¥8.01b
Debt
| Interest coverage ratio | 21.4x |
| Cash | CN¥570.17m |
| Equity | CN¥11.35b |
| Total liabilities | CN¥20.26b |
| Total assets | CN¥31.61b |
Recent financial health updates
No updates
Recent updates
Ganglong China Property Group Limited (HKG:6968) Not Doing Enough For Some Investors As Its Shares Slump 26%
May 15
What To Know Before Buying Ganglong China Property Group Limited (HKG:6968) For Its Dividend
Mar 24Do Institutions Own Ganglong China Property Group Limited (HKG:6968) Shares?
Jan 28
A Closer Look At Ganglong China Property Group Limited's (HKG:6968) Impressive ROE
Dec 24We're Not So Sure You Should Rely on Ganglong China Property Group's (HKG:6968) Statutory Earnings
Nov 19Financial Position Analysis
Short Term Liabilities: 6968's short term assets (CN¥29.8B) exceed its short term liabilities (CN¥17.9B).
Long Term Liabilities: 6968's short term assets (CN¥29.8B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 6968's net debt to equity ratio (65.6%) is considered high.
Reducing Debt: 6968's debt to equity ratio has reduced from 489.2% to 70.6% over the past 5 years.
Debt Coverage: 6968's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 6968's interest payments on its debt are well covered by EBIT (21.4x coverage).