Shanghai Newtouch Software Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Newtouch Software has a total shareholder equity of CN¥1.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 78.1%. Its total assets and total liabilities are CN¥3.2B and CN¥1.6B respectively. Shanghai Newtouch Software's EBIT is CN¥57.2M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥366.1M.
Key information
78.1%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥366.10m |
| Equity | CN¥1.59b |
| Total liabilities | CN¥1.62b |
| Total assets | CN¥3.21b |
Recent financial health updates
No updates
Recent updates
Shareholders In Shanghai Newtouch Software (SHSE:688590) Should Look Beyond Earnings For The Full Story
Nov 04
Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Soars 36% But It's A Story Of Risk Vs Reward
Sep 30Revenues Working Against Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Share Price Following 26% Dive
Jun 06Shanghai Newtouch Software (SHSE:688590) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 06Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Not Doing Enough For Some Investors As Its Shares Slump 30%
Apr 21Returns On Capital Signal Tricky Times Ahead For Shanghai Newtouch Software (SHSE:688590)
Mar 25There's No Escaping Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Muted Revenues Despite A 27% Share Price Rise
Mar 04Financial Position Analysis
Short Term Liabilities: 688590's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688590's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥442.1M).
Debt to Equity History and Analysis
Debt Level: 688590's net debt to equity ratio (55.1%) is considered high.
Reducing Debt: 688590's debt to equity ratio has increased from 67.2% to 78.1% over the past 5 years.
Debt Coverage: 688590's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688590's interest payments on its debt are not well covered by EBIT (1.3x coverage).