Shenzhen Desay Battery Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Desay Battery Technology has a total shareholder equity of CN¥6.5B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 61%. Its total assets and total liabilities are CN¥17.0B and CN¥10.5B respectively. Shenzhen Desay Battery Technology's EBIT is CN¥566.2M making its interest coverage ratio 11.1. It has cash and short-term investments of CN¥2.4B.
Key information
61.0%
Debt to equity ratio
CN¥3.94b
Debt
Interest coverage ratio | 11.1x |
Cash | CN¥2.38b |
Equity | CN¥6.45b |
Total liabilities | CN¥10.51b |
Total assets | CN¥16.96b |
Recent financial health updates
We Think Shenzhen Desay Battery Technology (SZSE:000049) Is Taking Some Risk With Its Debt
Nov 26These 4 Measures Indicate That Shenzhen Desay Battery Technology (SZSE:000049) Is Using Debt Extensively
Jun 23Recent updates
We Think Shenzhen Desay Battery Technology (SZSE:000049) Is Taking Some Risk With Its Debt
Nov 26Shenzhen Desay Battery Technology's (SZSE:000049) Soft Earnings Don't Show The Whole Picture
Nov 06What Does Shenzhen Desay Battery Technology Co., Ltd.'s (SZSE:000049) Share Price Indicate?
Oct 01The Market Doesn't Like What It Sees From Shenzhen Desay Battery Technology Co., Ltd.'s (SZSE:000049) Earnings Yet
Sep 13Capital Allocation Trends At Shenzhen Desay Battery Technology (SZSE:000049) Aren't Ideal
Aug 12These 4 Measures Indicate That Shenzhen Desay Battery Technology (SZSE:000049) Is Using Debt Extensively
Jun 23Improved Earnings Required Before Shenzhen Desay Battery Technology Co., Ltd. (SZSE:000049) Shares Find Their Feet
Jun 07Is Shenzhen Desay Battery Technology Co., Ltd. (SZSE:000049) Potentially Undervalued?
Apr 17Shenzhen Desay Battery Technology's (SZSE:000049) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 01Financial Position Analysis
Short Term Liabilities: 000049's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥7.7B).
Long Term Liabilities: 000049's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 000049's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 000049's debt to equity ratio has increased from 39.2% to 61% over the past 5 years.
Debt Coverage: 000049's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 000049's interest payments on its debt are well covered by EBIT (11.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2024/12/24 12:23 |
End of Day Share Price | 2024/12/24 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 * |
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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 Desay Battery Technology Co., Ltd. is covered by 17 analysts. 5 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 |
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Jimmy Huang | BNP Paribas Securities (Asia) |
Weijiang He | Central China Securities Co., Ltd. |
Xiaoqiang Gao | Changjiang Securities Co. LTD. |