Shenzhen Honor Electronic Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Honor Electronic has a total shareholder equity of CN¥2.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are CN¥5.1B and CN¥3.1B respectively. Shenzhen Honor Electronic's EBIT is CN¥232.9M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥1.4B.
Key information
54.4%
Debt to equity ratio
CN¥1.11b
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥1.39b |
| Equity | CN¥2.05b |
| Total liabilities | CN¥3.07b |
| Total assets | CN¥5.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300870's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300870's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥869.2M).
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 6.5% to 54.4% over the past 5 years.
Debt Coverage: 300870's debt is well covered by operating cash flow (29.2%).
Interest Coverage: 300870 earns more interest than it pays, so coverage of interest payments is not a concern.