Shenzhen Envicool Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Envicool Technology has a total shareholder equity of CN¥2.6B and total debt of CN¥620.9M, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are CN¥4.9B and CN¥2.3B respectively. Shenzhen Envicool Technology's EBIT is CN¥551.3M making its interest coverage ratio 51.3. It has cash and short-term investments of CN¥659.6M.
Key information
24.0%
Debt to equity ratio
CN¥620.89m
Debt
| Interest coverage ratio | 51.3x |
| Cash | CN¥659.58m |
| Equity | CN¥2.58b |
| Total liabilities | CN¥2.31b |
| Total assets | CN¥4.89b |
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
These 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¥3.8B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 002837's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥202.5M).
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 35.2% to 24% over the past 5 years.
Debt Coverage: 002837's debt is well covered by operating cash flow (69.7%).
Interest Coverage: 002837's interest payments on its debt are well covered by EBIT (51.3x coverage).