Shenzhen Honor Electronic Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Honor Electronic has a total shareholder equity of CN¥1.9B and total debt of CN¥429.4M, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are CN¥3.7B and CN¥1.9B respectively. Shenzhen Honor Electronic's EBIT is CN¥151.6M making its interest coverage ratio -1.1. It has cash and short-term investments of CN¥593.2M.
Key information
22.8%
Debt to equity ratio
CN¥429.35m
Debt
| Interest coverage ratio | -1.1x |
| Cash | CN¥593.25m |
| Equity | CN¥1.89b |
| Total liabilities | CN¥1.86b |
| Total assets | CN¥3.75b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300870's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300870's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥365.9M).
Debt to Equity History and Analysis
Debt Level: 300870 has more cash than its total debt.
Reducing Debt: 300870's debt to equity ratio has increased from 6.7% to 22.8% over the past 5 years.
Debt Coverage: 300870's debt is well covered by operating cash flow (59.7%).
Interest Coverage: 300870 earns more interest than it pays, so coverage of interest payments is not a concern.