Ningbo Deye Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Deye Technology Group has a total shareholder equity of CN¥9.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CN¥15.3B and CN¥5.9B respectively. Ningbo Deye Technology Group's EBIT is CN¥2.4B making its interest coverage ratio -16.9. It has cash and short-term investments of CN¥6.6B.
Key information
17.1%
Debt to equity ratio
CN¥1.60b
Debt
| Interest coverage ratio | -16.9x |
| Cash | CN¥6.56b |
| Equity | CN¥9.38b |
| Total liabilities | CN¥5.88b |
| Total assets | CN¥15.26b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Some Issues For Ningbo Deye Technology Group (SHSE:605117) Beyond Its Promising Earnings
Nov 06
Earnings Tell The Story For Ningbo Deye Technology Group Co., Ltd. (SHSE:605117) As Its Stock Soars 28%
Jul 15Be Wary Of Ningbo Deye Technology Group (SHSE:605117) And Its Returns On Capital
Jul 05Weak Statutory Earnings May Not Tell The Whole Story For Ningbo Deye Technology Group (SHSE:605117)
May 01Ningbo 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¥11.4B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 605117's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥140.4M).
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 9.8% to 17.1% over the past 5 years.
Debt Coverage: 605117's debt is well covered by operating cash flow (164.3%).
Interest Coverage: 605117 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 | 2024/12/22 23:38 |
| End of Day Share Price | 2024/12/20 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 |
| |
| 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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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
Ningbo Deye Technology Group Co., Ltd. is covered by 14 analysts. 8 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 |
|---|---|
| Wei He | China International Capital Corporation Limited |
| Colin Liu | China Renaissance Securities |
| You You Liu | China Stock Investment Research Co. Ltd. (GZ500..com) |