ShenzhenJingQuanHua ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 5/6
ShenzhenJingQuanHua ElectronicsLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥410.9M, which brings its debt-to-equity ratio to 29.3%. Its total assets and total liabilities are CN¥2.9B and CN¥1.5B respectively. ShenzhenJingQuanHua ElectronicsLtd's EBIT is CN¥57.5M making its interest coverage ratio 9.9. It has cash and short-term investments of CN¥675.2M.
Key information
29.3%
Debt to equity ratio
CN¥410.94m
Debt
| Interest coverage ratio | 9.9x |
| Cash | CN¥675.23m |
| Equity | CN¥1.40b |
| Total liabilities | CN¥1.51b |
| Total assets | CN¥2.91b |
Financial Position Analysis
Short Term Liabilities: 002885's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002885's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥196.9M).
Debt to Equity History and Analysis
Debt Level: 002885 has more cash than its total debt.
Reducing Debt: 002885's debt to equity ratio has reduced from 32% to 29.3% over the past 5 years.
Debt Coverage: 002885's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002885's interest payments on its debt are well covered by EBIT (9.9x coverage).