Shenzhen VMAX New Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen VMAX New Energy has a total shareholder equity of CN¥3.3B and total debt of CN¥653.4M, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are CN¥7.5B and CN¥4.2B respectively. Shenzhen VMAX New Energy's EBIT is CN¥591.8M making its interest coverage ratio -24.8. It has cash and short-term investments of CN¥2.6B.
Key information
19.5%
Debt to equity ratio
CN¥653.44m
Debt
| Interest coverage ratio | -24.8x |
| Cash | CN¥2.62b |
| Equity | CN¥3.34b |
| Total liabilities | CN¥4.17b |
| Total assets | CN¥7.52b |
Recent financial health updates
Shenzhen VMAX New Energy (SHSE:688612) Seems To Use Debt Quite Sensibly
Oct 03
Does Shenzhen VMAX New Energy (SHSE:688612) Have A Healthy Balance Sheet?
Jun 07Recent updates
Shenzhen VMAX New Energy's (SHSE:688612) Earnings Are Of Questionable Quality
Nov 02Shenzhen VMAX New Energy (SHSE:688612) Seems To Use Debt Quite Sensibly
Oct 03Shenzhen VMAX New Energy (SHSE:688612) Has More To Do To Multiply In Value Going Forward
Aug 08Does Shenzhen VMAX New Energy (SHSE:688612) Have A Healthy Balance Sheet?
Jun 07Shenzhen VMAX New Energy's (SHSE:688612) Promising Earnings May Rest On Soft Foundations
May 02Subdued Growth No Barrier To Shenzhen VMAX New Energy Co., Ltd. (SHSE:688612) With Shares Advancing 30%
Mar 04Financial Position Analysis
Short Term Liabilities: 688612's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 688612's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥359.0M).
Debt to Equity History and Analysis
Debt Level: 688612 has more cash than its total debt.
Reducing Debt: 688612's debt to equity ratio has increased from 19.2% to 19.5% over the past 5 years.
Debt Coverage: 688612's debt is well covered by operating cash flow (80%).
Interest Coverage: 688612 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:24 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shenzhen VMAX New Energy Co., Ltd. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jiancong Yuan | Citic Securities Co., Ltd. |
| Weichen Wu | Citic Securities Co., Ltd. |
| Zhongshu Yin | Everbright Securities Co. Ltd. |