Shenzhen Kaifa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Kaifa Technology has a total shareholder equity of CN¥12.9B and total debt of CN¥11.1B, which brings its debt-to-equity ratio to 86.5%. Its total assets and total liabilities are CN¥28.9B and CN¥16.0B respectively. Shenzhen Kaifa Technology's EBIT is CN¥1.1B making its interest coverage ratio -21.4. It has cash and short-term investments of CN¥9.9B.
Key information
86.5%
Debt to equity ratio
CN¥11.14b
Debt
Interest coverage ratio | -21.4x |
Cash | CN¥9.90b |
Equity | CN¥12.88b |
Total liabilities | CN¥16.01b |
Total assets | CN¥28.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000021's short term assets (CN¥17.2B) exceed its short term liabilities (CN¥14.4B).
Long Term Liabilities: 000021's short term assets (CN¥17.2B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 000021's net debt to equity ratio (9.6%) is considered satisfactory.
Reducing Debt: 000021's debt to equity ratio has reduced from 105% to 86.5% over the past 5 years.
Debt Coverage: 000021's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 000021 earns more interest than it pays, so coverage of interest payments is not a concern.