Shenzhen Inovance TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Inovance TechnologyLtd has a total shareholder equity of CN¥30.0B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 14.3%. Its total assets and total liabilities are CN¥57.9B and CN¥27.8B respectively. Shenzhen Inovance TechnologyLtd's EBIT is CN¥4.8B making its interest coverage ratio -16.3. It has cash and short-term investments of CN¥5.1B.
Key information
14.27%
Debt to equity ratio
CN¥4.28b
Debt
| Interest coverage ratio | -16.3x |
| Cash | CN¥5.10b |
| Equity | CN¥30.03b |
| Total liabilities | CN¥27.83b |
| Total assets | CN¥57.85b |
Recent financial health updates
Is Shenzhen Inovance TechnologyLtd (SZSE:300124) A Risky Investment?
Feb 24
Is Shenzhen Inovance TechnologyLtd (SZSE:300124) A Risky Investment?
Nov 14Here's Why Shenzhen Inovance TechnologyLtd (SZSE:300124) Can Manage Its Debt Responsibly
Jul 25Recent updates
There's Reason For Concern Over Shenzhen Inovance Technology Co.,Ltd's (SZSE:300124) Massive 30% Price Jump
Feb 26Is Shenzhen Inovance TechnologyLtd (SZSE:300124) A Risky Investment?
Feb 24Shenzhen Inovance TechnologyLtd (SZSE:300124) Hasn't Managed To Accelerate Its Returns
Feb 09Should You Think About Buying Shenzhen Inovance Technology Co.,Ltd (SZSE:300124) Now?
Jan 24
Global Expansion And Decisive Innovation Set To Drive Inovance's Revenue Surge
Inovance's overseas expansion, leveraging the Belt and Road initiative, may significantly boost demand and revenue growth.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 26Financial Position Analysis
Short Term Liabilities: 300124's short term assets (CN¥30.8B) exceed its short term liabilities (CN¥22.4B).
Long Term Liabilities: 300124's short term assets (CN¥30.8B) exceed its long term liabilities (CN¥5.4B).
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 16.6% to 14.3% over the past 5 years.
Debt Coverage: 300124's debt is well covered by operating cash flow (173.5%).
Interest Coverage: 300124 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/18 23:05 |
| End of Day Share Price | 2025/05/16 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
Shenzhen Inovance Technology Co.,Ltd is covered by 50 analysts. 26 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 |
|---|---|
| Joy Zhang | BNP Paribas Exane |
| Cheng Shen | BOCI Research Ltd. |
| Ming-Hsun Lee | BofA Global Research |