Shenzhen INVT Electric Co.,Ltd

SZSE:002334 Stock Report

Market Cap: CN¥6.2b

Shenzhen INVT ElectricLtd Balance Sheet Health

Financial Health criteria checks 6/6

Shenzhen INVT ElectricLtd has a total shareholder equity of CN¥2.8B and total debt of CN¥454.1M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are CN¥5.1B and CN¥2.3B respectively. Shenzhen INVT ElectricLtd's EBIT is CN¥199.0M making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥1.1B.

Key information

16.3%

Debt to equity ratio

CN¥454.05m

Debt

Interest coverage ratio-15.9x
CashCN¥1.09b
EquityCN¥2.78b
Total liabilitiesCN¥2.33b
Total assetsCN¥5.11b

Recent financial health updates

Recent updates

We Think That There Are Issues Underlying Shenzhen INVT ElectricLtd's (SZSE:002334) Earnings

Apr 15
We Think That There Are Issues Underlying Shenzhen INVT ElectricLtd's (SZSE:002334) Earnings

Shenzhen INVT ElectricLtd (SZSE:002334) Could Easily Take On More Debt

Mar 25
Shenzhen INVT ElectricLtd (SZSE:002334) Could Easily Take On More Debt

Shenzhen INVT Electric Co.,Ltd (SZSE:002334) Stock Catapults 27% Though Its Price And Business Still Lag The Market

Mar 03
Shenzhen INVT Electric Co.,Ltd (SZSE:002334) Stock Catapults 27% Though Its Price And Business Still Lag The Market

Financial Position Analysis

Short Term Liabilities: 002334's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥1.8B).

Long Term Liabilities: 002334's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥524.3M).


Debt to Equity History and Analysis

Debt Level: 002334 has more cash than its total debt.

Reducing Debt: 002334's debt to equity ratio has reduced from 21.9% to 16.3% over the past 5 years.

Debt Coverage: 002334's debt is well covered by operating cash flow (93.8%).

Interest Coverage: 002334 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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