Ningbo Deye Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Deye Technology Group has a total shareholder equity of CN¥9.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 17.1%. Its total assets and total liabilities are CN¥15.3B and CN¥5.9B respectively. Ningbo Deye Technology Group's EBIT is CN¥2.4B making its interest coverage ratio -16.9. It has cash and short-term investments of CN¥6.6B.
Key information
17.1%
Debt to equity ratio
CN¥1.60b
Debt
| Interest coverage ratio | -16.9x |
| Cash | CN¥6.56b |
| Equity | CN¥9.38b |
| Total liabilities | CN¥5.88b |
| Total assets | CN¥15.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605117's short term assets (CN¥11.4B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 605117's short term assets (CN¥11.4B) exceed its long term liabilities (CN¥140.4M).
Debt to Equity History and Analysis
Debt Level: 605117 has more cash than its total debt.
Reducing Debt: 605117's debt to equity ratio has increased from 9.8% to 17.1% over the past 5 years.
Debt Coverage: 605117's debt is well covered by operating cash flow (164.3%).
Interest Coverage: 605117 earns more interest than it pays, so coverage of interest payments is not a concern.