Shenzhen Kinwong Electronic Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Kinwong Electronic has a total shareholder equity of CN¥11.2B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are CN¥18.7B and CN¥7.5B respectively. Shenzhen Kinwong Electronic's EBIT is CN¥1.2B making its interest coverage ratio -72. It has cash and short-term investments of CN¥2.8B.
Key information
17.3%
Debt to equity ratio
CN¥1.93b
Debt
| Interest coverage ratio | -72x |
| Cash | CN¥2.78b |
| Equity | CN¥11.20b |
| Total liabilities | CN¥7.51b |
| Total assets | CN¥18.71b |
Recent financial health updates
Shenzhen Kinwong Electronic (SHSE:603228) Seems To Use Debt Quite Sensibly
Aug 27
Does Shenzhen Kinwong Electronic (SHSE:603228) Have A Healthy Balance Sheet?
May 21Recent updates
The Market Doesn't Like What It Sees From Shenzhen Kinwong Electronic Co., Ltd.'s (SHSE:603228) Earnings Yet
Nov 11There Are Reasons To Feel Uneasy About Shenzhen Kinwong Electronic's (SHSE:603228) Returns On Capital
Oct 03If EPS Growth Is Important To You, Shenzhen Kinwong Electronic (SHSE:603228) Presents An Opportunity
Sep 20Shenzhen Kinwong Electronic's (SHSE:603228) Solid Earnings May Rest On Weak Foundations
Sep 06Shenzhen Kinwong Electronic (SHSE:603228) Seems To Use Debt Quite Sensibly
Aug 27Benign Growth For Shenzhen Kinwong Electronic Co., Ltd. (SHSE:603228) Underpins Stock's 27% Plummet
Aug 09Improved 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¥9.4B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 603228's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603228 has more cash than its total debt.
Reducing Debt: 603228's debt to equity ratio has increased from 0.2% to 17.3% over the past 5 years.
Debt Coverage: 603228's debt is well covered by operating cash flow (125%).
Interest Coverage: 603228 earns more interest than it pays, so coverage of interest payments is not a concern.