Shenzhen Injoinic TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Injoinic TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥5.8M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.9B and CN¥130.9M respectively. Shenzhen Injoinic TechnologyLtd's EBIT is CN¥30.4M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥732.8M.
Key information
0.3%
Debt to equity ratio
CN¥5.78m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥732.78m |
| Equity | CN¥1.82b |
| Total liabilities | CN¥130.90m |
| Total assets | CN¥1.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688209's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥117.1M).
Long Term Liabilities: 688209's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥13.8M).
Debt to Equity History and Analysis
Debt Level: 688209 has more cash than its total debt.
Reducing Debt: 688209's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 688209's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688209 earns more interest than it pays, so coverage of interest payments is not a concern.