Shanghai Newtouch Software Co., Ltd.

SHSE:688590 Stock Report

Market Cap: CN¥4.7b

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 ratio1.3x
CashCN¥366.10m
EquityCN¥1.59b
Total liabilitiesCN¥1.62b
Total assetsCN¥3.21b

Recent financial health updates

No updates

Recent updates

Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Nov 29
Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Share Price Boosted 27% But Its Business Prospects Need A Lift Too

Shareholders In Shanghai Newtouch Software (SHSE:688590) Should Look Beyond Earnings For The Full Story

Nov 04
Shareholders In Shanghai Newtouch Software (SHSE:688590) Should Look Beyond Earnings For The Full Story

Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Soars 36% But It's A Story Of Risk Vs Reward

Sep 30
Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Soars 36% But It's A Story Of Risk Vs Reward

Revenues Working Against Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Share Price Following 26% Dive

Jun 06
Revenues Working Against Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Share Price Following 26% Dive

Shanghai Newtouch Software (SHSE:688590) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

May 06
Shanghai Newtouch Software (SHSE:688590) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of

Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Not Doing Enough For Some Investors As Its Shares Slump 30%

Apr 21
Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Not Doing Enough For Some Investors As Its Shares Slump 30%

Returns On Capital Signal Tricky Times Ahead For Shanghai Newtouch Software (SHSE:688590)

Mar 25
Returns On Capital Signal Tricky Times Ahead For Shanghai Newtouch Software (SHSE:688590)

There's No Escaping Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Muted Revenues Despite A 27% Share Price Rise

Mar 04
There's No Escaping Shanghai Newtouch Software Co., Ltd.'s (SHSE:688590) Muted Revenues Despite A 27% Share Price Rise

Financial 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).


Balance Sheet


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