Shenzhen Sosen ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Sosen ElectronicsLtd has a total shareholder equity of CN¥818.5M and total debt of CN¥372.7M, which brings its debt-to-equity ratio to 45.5%. Its total assets and total liabilities are CN¥1.5B and CN¥662.7M respectively. Shenzhen Sosen ElectronicsLtd's EBIT is CN¥9.4M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥97.6M.
Key information
45.5%
Debt to equity ratio
CN¥372.73m
Debt
Interest coverage ratio | -2.1x |
Cash | CN¥97.56m |
Equity | CN¥818.53m |
Total liabilities | CN¥662.66m |
Total assets | CN¥1.48b |
Recent financial health updates
No updates
Recent updates
Investor Optimism Abounds Shenzhen Sosen Electronics Co.,Ltd. (SZSE:301002) But Growth Is Lacking
Jun 07Shenzhen Sosen ElectronicsLtd's (SZSE:301002) Shareholders Have More To Worry About Than Only Soft Earnings
May 01Subdued Growth No Barrier To Shenzhen Sosen Electronics Co.,Ltd. (SZSE:301002) With Shares Advancing 33%
Mar 08Shenzhen Sosen ElectronicsLtd (SZSE:301002) Might Be Having Difficulty Using Its Capital Effectively
Feb 27Financial Position Analysis
Short Term Liabilities: 301002's short term assets (CN¥803.9M) exceed its short term liabilities (CN¥321.9M).
Long Term Liabilities: 301002's short term assets (CN¥803.9M) exceed its long term liabilities (CN¥340.7M).
Debt to Equity History and Analysis
Debt Level: 301002's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 301002's debt to equity ratio has increased from 5.6% to 45.5% over the past 5 years.
Debt Coverage: 301002's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: 301002 earns more interest than it pays, so coverage of interest payments is not a concern.