Shenzhen VMAX New Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen VMAX New Energy has a total shareholder equity of CN¥3.5B and total debt of CN¥569.5M, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are CN¥7.2B and CN¥3.7B respectively. Shenzhen VMAX New Energy's EBIT is CN¥584.2M making its interest coverage ratio -54.9. It has cash and short-term investments of CN¥2.6B.
Key information
16.2%
Debt to equity ratio
CN¥569.53m
Debt
| Interest coverage ratio | -54.9x |
| Cash | CN¥2.56b |
| Equity | CN¥3.51b |
| Total liabilities | CN¥3.71b |
| Total assets | CN¥7.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688612's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 688612's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥363.9M).
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 8.6% to 16.2% over the past 5 years.
Debt Coverage: 688612's debt is well covered by operating cash flow (99.7%).
Interest Coverage: 688612 earns more interest than it pays, so coverage of interest payments is not a concern.