Shenzhen Sunrise New Energy Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Sunrise New Energy has a total shareholder equity of CN¥1.4B and total debt of CN¥19.8M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.8B and CN¥407.5M respectively. Shenzhen Sunrise New Energy's EBIT is CN¥31.7M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥33.2M.
Key information
1.4%
Debt to equity ratio
CN¥19.84m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥33.23m |
Equity | CN¥1.43b |
Total liabilities | CN¥407.55m |
Total assets | CN¥1.83b |
Recent financial health updates
No updates
Recent updates
Shenzhen 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¥789.3M) exceed its short term liabilities (CN¥331.5M).
Long Term Liabilities: 002256's short term assets (CN¥789.3M) exceed its long term liabilities (CN¥76.1M).
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 28.9% to 1.4% over the past 5 years.
Debt Coverage: 002256's debt is well covered by operating cash flow (91.9%).
Interest Coverage: 002256 earns more interest than it pays, so coverage of interest payments is not a concern.