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.