Shenzhen Kaizhong Precision Technology Balance Sheet Health
Financial Health criteria checks 1/6
Shenzhen Kaizhong Precision Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 118.9%. Its total assets and total liabilities are CN¥3.8B and CN¥2.3B respectively. Shenzhen Kaizhong Precision Technology's EBIT is CN¥187.0M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥187.8M.
Key information
118.9%
Debt to equity ratio
CN¥1.76b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥187.80m |
Equity | CN¥1.48b |
Total liabilities | CN¥2.32b |
Total assets | CN¥3.80b |
Recent financial health updates
No updates
Recent updates
Shenzhen Kaizhong Precision Technology Co., Ltd. (SZSE:002823) Stock Catapults 27% Though Its Price And Business Still Lag The Industry
May 21Shenzhen Kaizhong Precision Technology (SZSE:002823) Could Be Struggling To Allocate Capital
Apr 16Earnings Not Telling The Story For Shenzhen Kaizhong Precision Technology Co., Ltd. (SZSE:002823) After Shares Rise 37%
Mar 08Financial Position Analysis
Short Term Liabilities: 002823's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002823's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥559.8M).
Debt to Equity History and Analysis
Debt Level: 002823's net debt to equity ratio (106.2%) is considered high.
Reducing Debt: 002823's debt to equity ratio has increased from 94% to 118.9% over the past 5 years.
Debt Coverage: 002823's debt is not well covered by operating cash flow (12.3%).
Interest Coverage: 002823's interest payments on its debt are not well covered by EBIT (2.7x coverage).