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
Recent updates
Shenzhen Desay Battery Technology's (SZSE:000049) Soft Earnings Don't Show The Whole Picture
Nov 06
What 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).