Shenzhen Kinwong Electronic Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Kinwong Electronic has a total shareholder equity of CN¥9.3B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are CN¥17.5B and CN¥8.2B respectively. Shenzhen Kinwong Electronic's EBIT is CN¥1.2B making its interest coverage ratio 694.8. It has cash and short-term investments of CN¥2.5B.
Key information
37.0%
Debt to equity ratio
CN¥3.44b
Debt
Interest coverage ratio | 694.8x |
Cash | CN¥2.54b |
Equity | CN¥9.29b |
Total liabilities | CN¥8.17b |
Total assets | CN¥17.46b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Shenzhen Kinwong Electronic Co., Ltd. (SHSE:603228) Stock's 25% Jump Looks Justified
May 27Does Shenzhen Kinwong Electronic (SHSE:603228) Have A Healthy Balance Sheet?
May 21Are Investors Undervaluing Shenzhen Kinwong Electronic Co., Ltd. (SHSE:603228) By 49%?
Apr 28Market Still Lacking Some Conviction On Shenzhen Kinwong Electronic Co., Ltd. (SHSE:603228)
Apr 10Financial Position Analysis
Short Term Liabilities: 603228's short term assets (CN¥8.8B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 603228's short term assets (CN¥8.8B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 603228's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 603228's debt to equity ratio has increased from 10.3% to 37% over the past 5 years.
Debt Coverage: 603228's debt is well covered by operating cash flow (58.3%).
Interest Coverage: 603228's interest payments on its debt are well covered by EBIT (694.8x coverage).