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¥397.2M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are CN¥2.5B and CN¥905.4M respectively. Ningbo Sunrise Elc TechnologyLtd's EBIT is CN¥295.3M making its interest coverage ratio -184.3. It has cash and short-term investments of CN¥882.9M.
Key information
25.4%
Debt to equity ratio
CN¥397.19m
Debt
| Interest coverage ratio | -184.3x |
| Cash | CN¥882.92m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥905.41m |
| Total assets | CN¥2.47b |
Recent financial health updates
Recent updates
Ningbo Sunrise Elc TechnologyLtd's (SZSE:002937) Profits Appear To Have Quality Issues
Nov 04
Market Cool On Ningbo Sunrise Elc Technology Co.,Ltd's (SZSE:002937) Earnings
Oct 15Ningbo Sunrise Elc TechnologyLtd (SZSE:002937) Ticks All The Boxes When It Comes To Earnings Growth
Sep 12Ningbo Sunrise Elc Technology Co.,Ltd (SZSE:002937) Screens Well But There Might Be A Catch
Jul 03Ningbo Sunrise Elc TechnologyLtd (SZSE:002937) Will Pay A Larger Dividend Than Last Year At CN¥0.30
Jun 02Ningbo Sunrise Elc TechnologyLtd (SZSE:002937) Has More To Do To Multiply In Value Going Forward
May 29Ningbo 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¥1.5B) exceed its short term liabilities (CN¥484.0M).
Long Term Liabilities: 002937's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥421.4M).
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 25.4% over the past 5 years.
Debt Coverage: 002937's debt is well covered by operating cash flow (107.2%).
Interest Coverage: 002937 earns more interest than it pays, so coverage of interest payments is not a concern.