Shenzhen Inovance TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Inovance TechnologyLtd has a total shareholder equity of CN¥26.9B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥53.1B and CN¥26.2B respectively. Shenzhen Inovance TechnologyLtd's EBIT is CN¥4.4B making its interest coverage ratio -11.1. It has cash and short-term investments of CN¥4.5B.
Key information
15.8%
Debt to equity ratio
CN¥4.26b
Debt
| Interest coverage ratio | -11.1x |
| Cash | CN¥4.51b |
| Equity | CN¥26.90b |
| Total liabilities | CN¥26.15b |
| Total assets | CN¥53.06b |
Recent financial health updates
Is Shenzhen Inovance TechnologyLtd (SZSE:300124) A Risky Investment?
Nov 14
Here's Why Shenzhen Inovance TechnologyLtd (SZSE:300124) Can Manage Its Debt Responsibly
Jul 25Shenzhen Inovance TechnologyLtd (SZSE:300124) Seems To Use Debt Quite Sensibly
Mar 14Recent updates
Is Shenzhen Inovance TechnologyLtd (SZSE:300124) A Risky Investment?
Nov 14Returns At Shenzhen Inovance TechnologyLtd (SZSE:300124) Appear To Be Weighed Down
Oct 15Investors Appear Satisfied With Shenzhen Inovance Technology Co.,Ltd's (SZSE:300124) Prospects
Sep 16Shenzhen Inovance TechnologyLtd's (SZSE:300124) Shareholders May Want To Dig Deeper Than Statutory Profit
Sep 02A Look At The Intrinsic Value Of Shenzhen Inovance Technology Co.,Ltd (SZSE:300124)
Aug 21Is There Now An Opportunity In Shenzhen Inovance Technology Co.,Ltd (SZSE:300124)?
Aug 08Here's Why Shenzhen Inovance TechnologyLtd (SZSE:300124) Can Manage Its Debt Responsibly
Jul 25Shenzhen Inovance Technology Co.,Ltd's (SZSE:300124) Price Is Out Of Tune With Earnings
May 26At CN¥63.77, Is Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) Worth Looking At Closely?
May 08If EPS Growth Is Important To You, Shenzhen Inovance TechnologyLtd (SZSE:300124) Presents An Opportunity
Apr 18Shenzhen 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¥29.0B) exceed its short term liabilities (CN¥21.0B).
Long Term Liabilities: 300124's short term assets (CN¥29.0B) exceed its long term liabilities (CN¥5.2B).
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 reduced from 25% to 15.8% over the past 5 years.
Debt Coverage: 300124's debt is well covered by operating cash flow (135.6%).
Interest Coverage: 300124 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/29 10:53 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shenzhen Inovance Technology Co.,Ltd is covered by 46 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Cheng Shen | BOCI Research Ltd. |
| Ming-Hsun Lee | BofA Global Research |
| Hui Chen | Bohai Securities Co., Ltd. |