Ningbo Sunrise Elc TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Sunrise Elc TechnologyLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥392.0M, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CN¥2.4B and CN¥867.9M respectively. Ningbo Sunrise Elc TechnologyLtd's EBIT is CN¥307.5M making its interest coverage ratio -76. It has cash and short-term investments of CN¥767.8M.
Key information
25.1%
Debt to equity ratio
CN¥392.02m
Debt
Interest coverage ratio | -76x |
Cash | CN¥767.81m |
Equity | CN¥1.56b |
Total liabilities | CN¥867.88m |
Total assets | CN¥2.43b |
Recent financial health updates
Recent updates
Ningbo Sunrise Elc TechnologyLtd's (SZSE:002937) Solid Earnings May Rest On Weak Foundations
Apr 23Ningbo Sunrise Elc Technology Co.,Ltd's (SZSE:002937) Price Is Right But Growth Is Lacking After Shares Rocket 33%
Mar 07These 4 Measures Indicate That Ningbo Sunrise Elc TechnologyLtd (SZSE:002937) Is Using Debt Safely
Feb 27Financial Position Analysis
Short Term Liabilities: 002937's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥456.9M).
Long Term Liabilities: 002937's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥411.0M).
Debt to Equity History and Analysis
Debt Level: 002937 has more cash than its total debt.
Reducing Debt: 002937's debt to equity ratio has increased from 0% to 25.1% over the past 5 years.
Debt Coverage: 002937's debt is well covered by operating cash flow (112%).
Interest Coverage: 002937 earns more interest than it pays, so coverage of interest payments is not a concern.