Shijihengtong Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shijihengtong Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥342.9M, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are CN¥2.0B and CN¥699.5M respectively. Shijihengtong Technology's EBIT is CN¥94.6M making its interest coverage ratio 8.5. It has cash and short-term investments of CN¥341.2M.
Key information
27.3%
Debt to equity ratio
CN¥342.88m
Debt
Interest coverage ratio | 8.5x |
Cash | CN¥341.19m |
Equity | CN¥1.26b |
Total liabilities | CN¥699.53m |
Total assets | CN¥1.96b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301428's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥577.2M).
Long Term Liabilities: 301428's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥122.3M).
Debt to Equity History and Analysis
Debt Level: 301428's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: 301428's debt to equity ratio has reduced from 46.4% to 27.3% over the past 5 years.
Debt Coverage: 301428's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301428's interest payments on its debt are well covered by EBIT (8.5x coverage).