Shenzhen Zhenye (Group)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Zhenye (Group)Ltd has a total shareholder equity of CN¥7.4B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are CN¥25.8B and CN¥18.4B respectively.
Key information
108.8%
Debt to equity ratio
CN¥8.07b
Debt
Interest coverage ratio | n/a |
Cash | CN¥3.52b |
Equity | CN¥7.41b |
Total liabilities | CN¥18.35b |
Total assets | CN¥25.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000006's short term assets (CN¥21.6B) exceed its short term liabilities (CN¥12.3B).
Long Term Liabilities: 000006's short term assets (CN¥21.6B) exceed its long term liabilities (CN¥6.0B).
Debt to Equity History and Analysis
Debt Level: 000006's net debt to equity ratio (61.3%) is considered high.
Reducing Debt: 000006's debt to equity ratio has increased from 46% to 108.8% over the past 5 years.
Debt Coverage: 000006's debt is not well covered by operating cash flow (5%).
Interest Coverage: Insufficient data to determine if 000006's interest payments on its debt are well covered by EBIT.