Shenzhen Highpower Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Highpower Technology has a total shareholder equity of CN¥2.5B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 83.8%. Its total assets and total liabilities are CN¥8.2B and CN¥5.7B respectively. Shenzhen Highpower Technology's EBIT is CN¥66.1M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥1.6B.
Key information
83.8%
Debt to equity ratio
CN¥2.11b
Debt
Interest coverage ratio | 1.4x |
Cash | CN¥1.55b |
Equity | CN¥2.52b |
Total liabilities | CN¥5.68b |
Total assets | CN¥8.20b |
Financial Position Analysis
Short Term Liabilities: 001283's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 001283's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 001283's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: 001283's debt to equity ratio has increased from 50% to 83.8% over the past 5 years.
Debt Coverage: 001283's debt is not well covered by operating cash flow (7.4%).
Interest Coverage: 001283's interest payments on its debt are not well covered by EBIT (1.4x coverage).