Shenzhen Xinyichang Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Xinyichang Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥752.3M, which brings its debt-to-equity ratio to 53.3%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Shenzhen Xinyichang Technology's EBIT is CN¥80.6M making its interest coverage ratio -424.2. It has cash and short-term investments of CN¥154.0M.
Key information
53.3%
Debt to equity ratio
CN¥752.26m
Debt
Interest coverage ratio | -424.2x |
Cash | CN¥154.00m |
Equity | CN¥1.41b |
Total liabilities | CN¥1.31b |
Total assets | CN¥2.72b |
Financial Position Analysis
Short Term Liabilities: 688383's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688383's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥99.8M).
Debt to Equity History and Analysis
Debt Level: 688383's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: 688383's debt to equity ratio has increased from 24.6% to 53.3% over the past 5 years.
Debt Coverage: 688383's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: 688383 earns more interest than it pays, so coverage of interest payments is not a concern.