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¥30.8M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥1.6B and CN¥401.0M respectively. Shenzhen Sunrise New Energy's EBIT is CN¥60.3M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥34.7M.
Key information
2.5%
Debt to equity ratio
CN¥30.77m
Debt
| Interest coverage ratio | -2.2x |
| 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
Financial 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 2.5% 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