Shenzhen Neoway TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Neoway TechnologyLtd has a total shareholder equity of CN¥808.1M and total debt of CN¥471.8M, which brings its debt-to-equity ratio to 58.4%. Its total assets and total liabilities are CN¥1.7B and CN¥898.7M respectively. Shenzhen Neoway TechnologyLtd's EBIT is CN¥37.7M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥183.6M.
Key information
58.4%
Debt to equity ratio
CN¥471.79m
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥183.59m |
Equity | CN¥808.12m |
Total liabilities | CN¥898.73m |
Total assets | CN¥1.71b |
Recent financial health updates
No updates
Recent updates
Why Investors Shouldn't Be Surprised By Shenzhen Neoway Technology Co.,Ltd.'s (SHSE:688159) 28% Share Price Plunge
Jun 06Additional Considerations Required While Assessing Shenzhen Neoway TechnologyLtd's (SHSE:688159) Strong Earnings
May 06Shenzhen Neoway Technology Co.,Ltd.'s (SHSE:688159) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Mar 13Financial Position Analysis
Short Term Liabilities: 688159's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥874.9M).
Long Term Liabilities: 688159's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥23.8M).
Debt to Equity History and Analysis
Debt Level: 688159's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: 688159's debt to equity ratio has increased from 38% to 58.4% over the past 5 years.
Debt Coverage: 688159's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688159's interest payments on its debt are not well covered by EBIT (2.3x coverage).