Shanghai Nenghui TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Nenghui TechnologyLtd has a total shareholder equity of CN¥846.5M and total debt of CN¥453.5M, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are CN¥1.9B and CN¥1.1B respectively. Shanghai Nenghui TechnologyLtd's EBIT is CN¥86.7M making its interest coverage ratio -20.8. It has cash and short-term investments of CN¥448.4M.
Key information
53.6%
Debt to equity ratio
CN¥453.49m
Debt
| Interest coverage ratio | -20.8x |
| Cash | CN¥448.37m |
| Equity | CN¥846.52m |
| Total liabilities | CN¥1.09b |
| Total assets | CN¥1.94b |
Recent financial health updates
No updates
Recent updates
Shanghai Nenghui TechnologyLtd's (SZSE:301046) Profits Appear To Have Quality Issues
Nov 04
Shanghai Nenghui Technology Co.,Ltd. (SZSE:301046) Looks Just Right With A 39% Price Jump
Oct 09Should You Think About Buying Shanghai Nenghui Technology Co.,Ltd. (SZSE:301046) Now?
Sep 30Shanghai Nenghui TechnologyLtd (SZSE:301046) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 01Shanghai Nenghui TechnologyLtd (SZSE:301046) May Have Issues Allocating Its Capital
Mar 27Financial Position Analysis
Short Term Liabilities: 301046's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥660.2M).
Long Term Liabilities: 301046's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥429.3M).
Debt to Equity History and Analysis
Debt Level: 301046's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: 301046's debt to equity ratio has increased from 0% to 53.6% over the past 5 years.
Debt Coverage: 301046's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301046 earns more interest than it pays, so coverage of interest payments is not a concern.