Shenzhen TXD TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen TXD TechnologyLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 54.8%. Its total assets and total liabilities are CN¥8.8B and CN¥6.1B respectively. Shenzhen TXD TechnologyLtd's EBIT is CN¥27.6M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥1.4B.
Key information
54.8%
Debt to equity ratio
CN¥1.48b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥1.36b |
| Equity | CN¥2.70b |
| Total liabilities | CN¥6.06b |
| Total assets | CN¥8.77b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002845's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 002845's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥956.5M).
Debt to Equity History and Analysis
Debt Level: 002845's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: 002845's debt to equity ratio has increased from 35.5% to 54.8% over the past 5 years.
Debt Coverage: 002845's debt is well covered by operating cash flow (38.5%).
Interest Coverage: 002845's interest payments on its debt are not well covered by EBIT (0.6x coverage).