Shanghai Newtouch Software Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Newtouch Software has a total shareholder equity of CN¥1.4B and total debt of CN¥833.7M, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are CN¥2.7B and CN¥1.3B respectively. Shanghai Newtouch Software's EBIT is CN¥77.4M making its interest coverage ratio 1.9. It has cash and short-term investments of CN¥445.4M.
Key information
58.1%
Debt to equity ratio
CN¥833.71m
Debt
| Interest coverage ratio | 1.9x |
| Cash | CN¥445.37m |
| Equity | CN¥1.43b |
| Total liabilities | CN¥1.26b |
| Total assets | CN¥2.69b |
Recent financial health updates
No updates
Recent updates
Shanghai Newtouch Software Co., Ltd. (SHSE:688590) Not Doing Enough For Some Investors As Its Shares Slump 30%
Apr 21
Returns 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¥907.9M).
Long Term Liabilities: 688590's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥347.8M).
Debt to Equity History and Analysis
Debt Level: 688590's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 688590's debt to equity ratio has reduced from 68.4% to 58.1% over the past 5 years.
Debt Coverage: 688590's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: 688590's interest payments on its debt are not well covered by EBIT (1.9x coverage).