Shenzhen Changhong Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Changhong Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥611.7M, which brings its debt-to-equity ratio to 35.6%. Its total assets and total liabilities are CN¥2.5B and CN¥826.3M respectively. Shenzhen Changhong Technology's EBIT is CN¥38.6M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥888.8M.
Key information
35.6%
Debt to equity ratio
CN¥611.65m
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥888.83m |
Equity | CN¥1.72b |
Total liabilities | CN¥826.34m |
Total assets | CN¥2.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300151's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥239.6M).
Long Term Liabilities: 300151's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥586.7M).
Debt to Equity History and Analysis
Debt Level: 300151 has more cash than its total debt.
Reducing Debt: 300151's debt to equity ratio has increased from 0% to 35.6% over the past 5 years.
Debt Coverage: 300151's debt is well covered by operating cash flow (43%).
Interest Coverage: 300151's interest payments on its debt are not well covered by EBIT (2.3x coverage).