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 |
| Cash | CN¥1.09b |
| Equity | CN¥2.78b |
| Total liabilities | CN¥2.33b |
| Total assets | CN¥5.11b |
Recent financial health updates
Recent updates
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.