Kennede Electronics MFG Balance Sheet Health
Financial Health criteria checks 4/6
Kennede Electronics MFG has a total shareholder equity of CN¥1.3B and total debt of CN¥439.0M, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are CN¥2.8B and CN¥1.6B respectively. Kennede Electronics MFG's EBIT is CN¥41.2M making its interest coverage ratio -146.6. It has cash and short-term investments of CN¥134.2M.
Key information
34.3%
Debt to equity ratio
CN¥438.96m
Debt
Interest coverage ratio | -146.6x |
Cash | CN¥134.24m |
Equity | CN¥1.28b |
Total liabilities | CN¥1.56b |
Total assets | CN¥2.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002723's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002723's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥164.5M).
Debt to Equity History and Analysis
Debt Level: 002723's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 002723's debt to equity ratio has increased from 27% to 34.3% over the past 5 years.
Debt Coverage: 002723's debt is not well covered by operating cash flow (20%).
Interest Coverage: 002723 earns more interest than it pays, so coverage of interest payments is not a concern.