Shenzhen CECport Technologies Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen CECport Technologies has a total shareholder equity of CN¥5.1B and total debt of CN¥12.6B, which brings its debt-to-equity ratio to 246%. Its total assets and total liabilities are CN¥22.9B and CN¥17.8B respectively. Shenzhen CECport Technologies's EBIT is CN¥794.5M making its interest coverage ratio 1.6. It has cash and short-term investments of CN¥2.6B.
Key information
246.0%
Debt to equity ratio
CN¥12.55b
Debt
| Interest coverage ratio | 1.6x |
| Cash | CN¥2.58b |
| Equity | CN¥5.10b |
| Total liabilities | CN¥17.77b |
| Total assets | CN¥22.87b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 001287's short term assets (CN¥22.4B) exceed its short term liabilities (CN¥17.7B).
Long Term Liabilities: 001287's short term assets (CN¥22.4B) exceed its long term liabilities (CN¥16.0M).
Debt to Equity History and Analysis
Debt Level: 001287's net debt to equity ratio (195.6%) is considered high.
Reducing Debt: 001287's debt to equity ratio has increased from 199.6% to 246% over the past 5 years.
Debt Coverage: 001287's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 001287's interest payments on its debt are not well covered by EBIT (1.6x coverage).