Shenzhen Xinyuren Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Xinyuren Technology has a total shareholder equity of CN¥870.0M and total debt of CN¥248.0M, which brings its debt-to-equity ratio to 28.5%. Its total assets and total liabilities are CN¥2.0B and CN¥1.1B respectively. Shenzhen Xinyuren Technology's EBIT is CN¥10.9M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥256.3M.
Key information
28.5%
Debt to equity ratio
CN¥248.03m
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥256.31m |
| Equity | CN¥870.01m |
| Total liabilities | CN¥1.12b |
| Total assets | CN¥1.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688573's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 688573's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥113.2M).
Debt to Equity History and Analysis
Debt Level: 688573 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688573's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688573's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688573's interest payments on its debt are not well covered by EBIT (2.2x coverage).