Ningbo Deye Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Deye Technology Group has a total shareholder equity of CN¥5.7B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are CN¥11.4B and CN¥5.7B respectively. Ningbo Deye Technology Group's EBIT is CN¥1.8B making its interest coverage ratio -11.5. It has cash and short-term investments of CN¥5.4B.
Key information
55.1%
Debt to equity ratio
CN¥3.15b
Debt
Interest coverage ratio | -11.5x |
Cash | CN¥5.35b |
Equity | CN¥5.72b |
Total liabilities | CN¥5.68b |
Total assets | CN¥11.41b |
Recent financial health updates
No updates
Recent updates
Ningbo Deye Technology Group Co., Ltd. Beat Revenue Forecasts By 18%: Here's What Analysts Are Forecasting Next
Apr 29With EPS Growth And More, Ningbo Deye Technology Group (SHSE:605117) Makes An Interesting Case
Apr 22Shareholders Are Optimistic That Ningbo Deye Technology Group (SHSE:605117) Will Multiply In Value
Feb 28Financial Position Analysis
Short Term Liabilities: 605117's short term assets (CN¥8.3B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 605117's short term assets (CN¥8.3B) exceed its long term liabilities (CN¥994.1M).
Debt to Equity History and Analysis
Debt Level: 605117 has more cash than its total debt.
Reducing Debt: 605117's debt to equity ratio has increased from 14.2% to 55.1% over the past 5 years.
Debt Coverage: 605117's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 605117 earns more interest than it pays, so coverage of interest payments is not a concern.