Shenzhen Deren Electronic Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Deren Electronic has a total shareholder equity of CN¥2.4B and total debt of CN¥902.9M, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are CN¥7.7B and CN¥5.2B respectively. Shenzhen Deren Electronic's EBIT is CN¥80.0M making its interest coverage ratio 11.8. It has cash and short-term investments of CN¥305.9M.
Key information
36.9%
Debt to equity ratio
CN¥902.89m
Debt
Interest coverage ratio | 11.8x |
Cash | CN¥305.91m |
Equity | CN¥2.45b |
Total liabilities | CN¥5.21b |
Total assets | CN¥7.66b |
Financial Position Analysis
Short Term Liabilities: 002055's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 002055's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002055's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: 002055's debt to equity ratio has reduced from 96.5% to 36.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002055 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 002055 has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.1% each year.