Shenzhen Neoway TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Neoway TechnologyLtd has a total shareholder equity of CN¥842.0M and total debt of CN¥439.9M, which brings its debt-to-equity ratio to 52.3%. Its total assets and total liabilities are CN¥1.9B and CN¥1.1B respectively. Shenzhen Neoway TechnologyLtd's EBIT is CN¥121.7M making its interest coverage ratio 5.6. It has cash and short-term investments of CN¥150.7M.
Key information
52.3%
Debt to equity ratio
CN¥439.94m
Debt
| Interest coverage ratio | 5.6x |
| Cash | CN¥150.66m |
| Equity | CN¥841.96m |
| Total liabilities | CN¥1.09b |
| Total assets | CN¥1.94b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Shenzhen Neoway TechnologyLtd's (SHSE:688159) Earnings
Nov 06
Further Upside For Shenzhen Neoway Technology Co.,Ltd. (SHSE:688159) Shares Could Introduce Price Risks After 52% Bounce
Oct 09Little Excitement Around Shenzhen Neoway Technology Co.,Ltd.'s (SHSE:688159) Revenues As Shares Take 25% Pounding
Aug 11Here's What's Concerning About Shenzhen Neoway TechnologyLtd's (SHSE:688159) Returns On Capital
Jul 19Why 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¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 688159's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥19.0M).
Debt to Equity History and Analysis
Debt Level: 688159's net debt to equity ratio (34.4%) is considered satisfactory.
Reducing Debt: 688159's debt to equity ratio has increased from 39.6% to 52.3% 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 well covered by EBIT (5.6x coverage).