Shenzhen Ridge Engineering Consulting Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Ridge Engineering Consulting has a total shareholder equity of CN¥1.4B and total debt of CN¥17.4M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are CN¥1.6B and CN¥139.2M respectively. Shenzhen Ridge Engineering Consulting's EBIT is CN¥13.1M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥813.4M.
Key information
1.2%
Debt to equity ratio
CN¥17.40m
Debt
Interest coverage ratio | -0.5x |
Cash | CN¥813.43m |
Equity | CN¥1.42b |
Total liabilities | CN¥139.15m |
Total assets | CN¥1.56b |
Financial Position Analysis
Short Term Liabilities: 300977's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥132.2M).
Long Term Liabilities: 300977's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥7.0M).
Debt to Equity History and Analysis
Debt Level: 300977 has more cash than its total debt.
Reducing Debt: 300977's debt to equity ratio has increased from 0% to 1.2% over the past 5 years.
Debt Coverage: 300977's debt is well covered by operating cash flow (402.9%).
Interest Coverage: 300977 earns more interest than it pays, so coverage of interest payments is not a concern.