Shenzhen Kingkey Smart Agriculture TimesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Kingkey Smart Agriculture TimesLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are CN¥11.1B and CN¥6.9B respectively. Shenzhen Kingkey Smart Agriculture TimesLtd's EBIT is CN¥1.6B making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥914.3M.
Key information
54.8%
Debt to equity ratio
CN¥2.30b
Debt
| Interest coverage ratio | 15.8x |
| Cash | CN¥914.27m |
| Equity | CN¥4.20b |
| Total liabilities | CN¥6.92b |
| Total assets | CN¥11.11b |
Recent financial health updates
These 4 Measures Indicate That Shenzhen Kingkey Smart Agriculture TimesLtd (SZSE:000048) Is Using Debt Extensively
Oct 18
Shenzhen Kingkey Smart Agriculture TimesLtd (SZSE:000048) Has A Somewhat Strained Balance Sheet
May 22Recent updates
These 4 Measures Indicate That Shenzhen Kingkey Smart Agriculture TimesLtd (SZSE:000048) Is Using Debt Extensively
Oct 18There Is A Reason Shenzhen Kingkey Smart Agriculture Times Co.,Ltd's (SZSE:000048) Price Is Undemanding
Aug 20Shenzhen Kingkey Smart Agriculture TimesLtd (SZSE:000048) Has A Somewhat Strained Balance Sheet
May 22We Think That There Are Issues Underlying Shenzhen Kingkey Smart Agriculture TimesLtd's (SZSE:000048) Earnings
Mar 31Shenzhen Kingkey Smart Agriculture Times Co.,Ltd's (SZSE:000048) Business And Shares Still Trailing The Industry
Mar 06Financial Position Analysis
Short Term Liabilities: 000048's short term assets (CN¥2.9B) do not cover its short term liabilities (CN¥5.6B).
Long Term Liabilities: 000048's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 000048's net debt to equity ratio (33%) is considered satisfactory.
Reducing Debt: 000048's debt to equity ratio has increased from 8% to 54.8% over the past 5 years.
Debt Coverage: 000048's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 000048's interest payments on its debt are well covered by EBIT (15.8x coverage).