Shenzhen Envicool Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Envicool Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥694.0M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥5.6B and CN¥2.8B respectively. Shenzhen Envicool Technology's EBIT is CN¥614.2M making its interest coverage ratio 58.9. It has cash and short-term investments of CN¥887.4M.
Key information
24.9%
Debt to equity ratio
CN¥693.95m
Debt
| Interest coverage ratio | 58.9x |
| Cash | CN¥887.42m |
| Equity | CN¥2.78b |
| Total liabilities | CN¥2.80b |
| Total assets | CN¥5.59b |
Recent financial health updates
These 4 Measures Indicate That Shenzhen Envicool Technology (SZSE:002837) Is Using Debt Safely
Aug 30
Here's Why Shenzhen Envicool Technology (SZSE:002837) Can Manage Its Debt Responsibly
Mar 15Recent updates
Shenzhen Envicool Technology Co., Ltd. (SZSE:002837) Stocks Shoot Up 41% But Its P/E Still Looks Reasonable
Oct 08Under The Bonnet, Shenzhen Envicool Technology's (SZSE:002837) Returns Look Impressive
Oct 01These 4 Measures Indicate That Shenzhen Envicool Technology (SZSE:002837) Is Using Debt Safely
Aug 30Do Shenzhen Envicool Technology's (SZSE:002837) Earnings Warrant Your Attention?
Jul 29The Return Trends At Shenzhen Envicool Technology (SZSE:002837) Look Promising
Jun 25Shenzhen Envicool Technology's (SZSE:002837) Dividend Will Be Increased To CN¥0.20
May 22Shenzhen Envicool Technology Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 17Here's Why Shenzhen Envicool Technology (SZSE:002837) Can Manage Its Debt Responsibly
Mar 15Do Shenzhen Envicool Technology's (SZSE:002837) Earnings Warrant Your Attention?
Feb 29Financial Position Analysis
Short Term Liabilities: 002837's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002837's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥307.3M).
Debt to Equity History and Analysis
Debt Level: 002837 has more cash than its total debt.
Reducing Debt: 002837's debt to equity ratio has reduced from 33.2% to 24.9% over the past 5 years.
Debt Coverage: 002837's debt is well covered by operating cash flow (84.4%).
Interest Coverage: 002837's interest payments on its debt are well covered by EBIT (58.9x coverage).