Shenzhen Goodix Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Goodix Technology has a total shareholder equity of CN¥8.4B and total debt of CN¥449.7M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥9.9B and CN¥1.5B respectively. Shenzhen Goodix Technology's EBIT is CN¥145.0M making its interest coverage ratio -1. It has cash and short-term investments of CN¥4.4B.
Key information
5.3%
Debt to equity ratio
CN¥449.75m
Debt
| Interest coverage ratio | -1x |
| Cash | CN¥4.36b |
| Equity | CN¥8.43b |
| Total liabilities | CN¥1.46b |
| Total assets | CN¥9.89b |
Recent financial health updates
Recent updates
The Returns On Capital At Shenzhen Goodix Technology (SHSE:603160) Don't Inspire Confidence
Dec 27
We Think That There Are Issues Underlying Shenzhen Goodix Technology's (SHSE:603160) Earnings
Oct 31Optimistic Investors Push Shenzhen Goodix Technology Co., Ltd. (SHSE:603160) Shares Up 42% But Growth Is Lacking
Oct 14Shenzhen Goodix Technology (SHSE:603160) Will Be Hoping To Turn Its Returns On Capital Around
Sep 11Shenzhen Goodix Technology (SHSE:603160) Seems To Use Debt Rather Sparingly
Aug 05Shenzhen Goodix Technology Co., Ltd.'s (SHSE:603160) Popularity With Investors Is Under Threat From Overpricing
Jul 17Shenzhen Goodix Technology (SHSE:603160) May Have Issues Allocating Its Capital
Jun 10Shareholders Will Be Pleased With The Quality of Shenzhen Goodix Technology's (SHSE:603160) Earnings
Apr 17Shenzhen Goodix Technology Co., Ltd. (SHSE:603160) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Mar 04Financial Position Analysis
Short Term Liabilities: 603160's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603160's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥330.9M).
Debt to Equity History and Analysis
Debt Level: 603160 has more cash than its total debt.
Reducing Debt: 603160's debt to equity ratio has increased from 0.5% to 5.3% over the past 5 years.
Debt Coverage: 603160's debt is well covered by operating cash flow (223%).
Interest Coverage: 603160 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 20:17 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shenzhen Goodix Technology Co., Ltd. is covered by 26 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daley Li | BofA Global Research |
| Kam Wai Kwok | CGS International |
| Chengning Li | China International Capital Corporation Limited |