Shenzhen S.C New Energy Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen S.C New Energy Technology has a total shareholder equity of CN¥8.8B and total debt of CN¥344.2M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥39.1B and CN¥30.4B respectively. Shenzhen S.C New Energy Technology's EBIT is CN¥1.6B making its interest coverage ratio -9. It has cash and short-term investments of CN¥8.7B.
Key information
3.9%
Debt to equity ratio
CN¥344.24m
Debt
Interest coverage ratio | -9x |
Cash | CN¥8.66b |
Equity | CN¥8.75b |
Total liabilities | CN¥30.38b |
Total assets | CN¥39.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300724's short term assets (CN¥36.9B) exceed its short term liabilities (CN¥30.0B).
Long Term Liabilities: 300724's short term assets (CN¥36.9B) exceed its long term liabilities (CN¥369.7M).
Debt to Equity History and Analysis
Debt Level: 300724 has more cash than its total debt.
Reducing Debt: 300724's debt to equity ratio has increased from 0% to 3.9% over the past 5 years.
Debt Coverage: 300724's debt is well covered by operating cash flow (1021.8%).
Interest Coverage: 300724 earns more interest than it pays, so coverage of interest payments is not a concern.