Shenzhen Cheng Chung Design Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Cheng Chung Design has a total shareholder equity of CN¥1.2B and total debt of CN¥494.8M, which brings its debt-to-equity ratio to 42.7%. Its total assets and total liabilities are CN¥2.5B and CN¥1.3B respectively. Shenzhen Cheng Chung Design's EBIT is CN¥30.0M making its interest coverage ratio -2.3. It has cash and short-term investments of CN¥444.2M.
Key information
42.7%
Debt to equity ratio
CN¥494.75m
Debt
Interest coverage ratio | -2.3x |
Cash | CN¥444.23m |
Equity | CN¥1.16b |
Total liabilities | CN¥1.33b |
Total assets | CN¥2.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002811's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥814.3M).
Long Term Liabilities: 002811's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥518.6M).
Debt to Equity History and Analysis
Debt Level: 002811's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: 002811's debt to equity ratio has increased from 30.6% to 42.7% over the past 5 years.
Debt Coverage: 002811's debt is well covered by operating cash flow (66.2%).
Interest Coverage: 002811 earns more interest than it pays, so coverage of interest payments is not a concern.