Shenzhen Sunrise New Energy Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Sunrise New Energy has a total shareholder equity of CN¥1.2B and total debt of CN¥2.8M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.6B and CN¥401.0M respectively. Shenzhen Sunrise New Energy's EBIT is CN¥61.7M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥34.7M.
Key information
0.2%
Debt to equity ratio
CN¥2.80m
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥34.73m |
| Equity | CN¥1.21b |
| Total liabilities | CN¥401.02m |
| Total assets | CN¥1.61b |
Recent financial health updates
No updates
Recent updates
Shenzhen Sunrise New Energy Co., Ltd.'s (SZSE:002256) Shares May Have Run Too Fast Too Soon
Sep 29
Shenzhen Sunrise New Energy's (SZSE:002256) Earnings Are Of Questionable Quality
Aug 19Shenzhen Sunrise New Energy Co., Ltd.'s (SZSE:002256) Popularity With Investors Under Threat As Stock Sinks 26%
Jun 10What Shenzhen Sunrise New Energy Co., Ltd.'s (SZSE:002256) 34% Share Price Gain Is Not Telling You
Mar 07Revenues Not Telling The Story For Shenzhen Sunrise New Energy Co., Ltd. (SZSE:002256) After Shares Rise 34%
Mar 07Financial Position Analysis
Short Term Liabilities: 002256's short term assets (CN¥760.4M) exceed its short term liabilities (CN¥186.2M).
Long Term Liabilities: 002256's short term assets (CN¥760.4M) exceed its long term liabilities (CN¥214.8M).
Debt to Equity History and Analysis
Debt Level: 002256 has more cash than its total debt.
Reducing Debt: 002256's debt to equity ratio has reduced from 30.2% to 0.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002256 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002256 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.5% each year