Suntak TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Suntak TechnologyLtd has a total shareholder equity of CN¥7.7B and total debt of CN¥2.3B, which brings its debt-to-equity ratio to 30.5%. Its total assets and total liabilities are CN¥12.2B and CN¥4.5B respectively. Suntak TechnologyLtd's EBIT is CN¥511.0M making its interest coverage ratio 12.5. It has cash and short-term investments of CN¥3.4B.
Key information
30.5%
Debt to equity ratio
CN¥2.34b
Debt
| Interest coverage ratio | 12.5x |
| Cash | CN¥3.43b |
| Equity | CN¥7.68b |
| Total liabilities | CN¥4.52b |
| Total assets | CN¥12.20b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002815's short term assets (CN¥6.0B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 002815's short term assets (CN¥6.0B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 002815 has more cash than its total debt.
Reducing Debt: 002815's debt to equity ratio has reduced from 33.4% to 30.5% over the past 5 years.
Debt Coverage: 002815's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 002815's interest payments on its debt are well covered by EBIT (12.5x coverage).