Shijihengtong Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shijihengtong Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥644.4M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CN¥2.1B and CN¥839.3M respectively. Shijihengtong Technology's EBIT is CN¥80.8M making its interest coverage ratio 7.9. It has cash and short-term investments of CN¥232.2M.
Key information
51.5%
Debt to equity ratio
CN¥644.35m
Debt
| Interest coverage ratio | 7.9x |
| Cash | CN¥232.24m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥839.30m |
| Total assets | CN¥2.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301428's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥683.5M).
Long Term Liabilities: 301428's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥155.8M).
Debt to Equity History and Analysis
Debt Level: 301428's net debt to equity ratio (32.9%) is considered satisfactory.
Reducing Debt: 301428's debt to equity ratio has increased from 45.2% to 51.5% 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 (7.9x coverage).