Shenzhen Kingkey Smart Agriculture TimesLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Kingkey Smart Agriculture TimesLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 65.7%. Its total assets and total liabilities are CN¥11.9B and CN¥7.9B respectively. Shenzhen Kingkey Smart Agriculture TimesLtd's EBIT is CN¥1.1B making its interest coverage ratio 13.4. It has cash and short-term investments of CN¥898.6M.
Key information
65.7%
Debt to equity ratio
CN¥2.61b
Debt
Interest coverage ratio | 13.4x |
Cash | CN¥898.65m |
Equity | CN¥3.98b |
Total liabilities | CN¥7.88b |
Total assets | CN¥11.86b |
Financial Position Analysis
Short Term Liabilities: 000048's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥6.2B).
Long Term Liabilities: 000048's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 000048's net debt to equity ratio (43.1%) is considered high.
Reducing Debt: 000048's debt to equity ratio has increased from 12.2% to 65.7% over the past 5 years.
Debt Coverage: 000048's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000048's interest payments on its debt are well covered by EBIT (13.4x coverage).