Shenzhen S-king Intelligent Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen S-king Intelligent Equipment has a total shareholder equity of CN¥760.1M and total debt of CN¥542.9M, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are CN¥1.8B and CN¥993.6M respectively. Shenzhen S-king Intelligent Equipment's EBIT is CN¥126.1M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥299.9M.
Key information
71.4%
Debt to equity ratio
CN¥542.86m
Debt
Interest coverage ratio | 6.6x |
Cash | CN¥299.91m |
Equity | CN¥760.07m |
Total liabilities | CN¥993.58m |
Total assets | CN¥1.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688328's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥627.9M).
Long Term Liabilities: 688328's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥365.6M).
Debt to Equity History and Analysis
Debt Level: 688328's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: 688328's debt to equity ratio has increased from 8.2% to 71.4% over the past 5 years.
Debt Coverage: 688328's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688328's interest payments on its debt are well covered by EBIT (6.6x coverage).