Shenzhen Zhenye (Group)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Zhenye (Group)Ltd has a total shareholder equity of CN¥6.8B and total debt of CN¥7.0B, which brings its debt-to-equity ratio to 102.4%. Its total assets and total liabilities are CN¥20.9B and CN¥14.1B respectively.
Key information
102.4%
Debt to equity ratio
CN¥6.97b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.75b |
| Equity | CN¥6.81b |
| Total liabilities | CN¥14.08b |
| Total assets | CN¥20.89b |
Recent financial health updates
Recent updates
Market Might Still Lack Some Conviction On Shenzhen Zhenye (Group) Co.,Ltd. (SZSE:000006) Even After 44% Share Price Boost
Sep 30
Risks To Shareholder Returns Are Elevated At These Prices For Shenzhen Zhenye (Group) Co.,Ltd. (SZSE:000006)
Jul 31Is Shenzhen Zhenye (Group)Ltd (SZSE:000006) Using Debt In A Risky Way?
Jun 06Little Excitement Around Shenzhen Zhenye (Group) Co.,Ltd.'s (SZSE:000006) Earnings
Apr 17Financial Position Analysis
Short Term Liabilities: 000006's short term assets (CN¥16.7B) exceed its short term liabilities (CN¥8.6B).
Long Term Liabilities: 000006's short term assets (CN¥16.7B) exceed its long term liabilities (CN¥5.4B).
Debt to Equity History and Analysis
Debt Level: 000006's net debt to equity ratio (62%) is considered high.
Reducing Debt: 000006's debt to equity ratio has increased from 56.6% to 102.4% over the past 5 years.
Debt Coverage: 000006's debt is not well covered by operating cash flow (3%).
Interest Coverage: Insufficient data to determine if 000006's interest payments on its debt are well covered by EBIT.