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¥4.2B, which brings its debt-to-equity ratio to 65.1%. Its total assets and total liabilities are CN¥16.0B and CN¥9.5B respectively. Shenzhen Desay Battery Technology's EBIT is CN¥473.8M making its interest coverage ratio 9. It has cash and short-term investments of CN¥4.4B.
Key information
65.1%
Debt to equity ratio
CN¥4.24b
Debt
Interest coverage ratio | 9x |
Cash | CN¥4.41b |
Equity | CN¥6.51b |
Total liabilities | CN¥9.54b |
Total assets | CN¥16.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000049's short term assets (CN¥10.7B) exceed its short term liabilities (CN¥6.3B).
Long Term Liabilities: 000049's short term assets (CN¥10.7B) exceed its long term liabilities (CN¥3.3B).
Debt to Equity History and Analysis
Debt Level: 000049 has more cash than its total debt.
Reducing Debt: 000049's debt to equity ratio has increased from 64.9% to 65.1% over the past 5 years.
Debt Coverage: 000049's debt is well covered by operating cash flow (60.9%).
Interest Coverage: 000049's interest payments on its debt are well covered by EBIT (9x coverage).