Shenzhen Inovance TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Inovance TechnologyLtd has a total shareholder equity of CN¥25.9B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 18.5%. Its total assets and total liabilities are CN¥50.7B and CN¥24.8B respectively. Shenzhen Inovance TechnologyLtd's EBIT is CN¥4.4B making its interest coverage ratio -10.2. It has cash and short-term investments of CN¥9.5B.
Key information
18.5%
Debt to equity ratio
CN¥4.78b
Debt
| Interest coverage ratio | -10.2x |
| Cash | CN¥9.48b |
| Equity | CN¥25.86b |
| Total liabilities | CN¥24.83b |
| Total assets | CN¥50.68b |
Recent financial health updates
Recent updates
If EPS Growth Is Important To You, Shenzhen Inovance TechnologyLtd (SZSE:300124) Presents An Opportunity
Apr 18
Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) Shares Could Be 29% Below Their Intrinsic Value Estimate
Mar 28Shenzhen Inovance TechnologyLtd (SZSE:300124) Seems To Use Debt Quite Sensibly
Mar 14Financial Position Analysis
Short Term Liabilities: 300124's short term assets (CN¥32.8B) exceed its short term liabilities (CN¥20.2B).
Long Term Liabilities: 300124's short term assets (CN¥32.8B) exceed its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: 300124 has more cash than its total debt.
Reducing Debt: 300124's debt to equity ratio has increased from 11.7% to 18.5% over the past 5 years.
Debt Coverage: 300124's debt is well covered by operating cash flow (65.2%).
Interest Coverage: 300124 earns more interest than it pays, so coverage of interest payments is not a concern.