Avary Holding(Shenzhen)Co Balance Sheet Health
Financial Health criteria checks 5/6
Avary Holding(Shenzhen)Co has a total shareholder equity of CN¥30.1B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are CN¥40.2B and CN¥10.0B respectively. Avary Holding(Shenzhen)Co's EBIT is CN¥3.0B making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥11.8B.
Key information
11.5%
Debt to equity ratio
CN¥3.47b
Debt
| Interest coverage ratio | -10.6x |
| Cash | CN¥11.79b |
| Equity | CN¥30.13b |
| Total liabilities | CN¥10.03b |
| Total assets | CN¥40.16b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002938's short term assets (CN¥19.3B) exceed its short term liabilities (CN¥9.2B).
Long Term Liabilities: 002938's short term assets (CN¥19.3B) exceed its long term liabilities (CN¥783.6M).
Debt to Equity History and Analysis
Debt Level: 002938 has more cash than its total debt.
Reducing Debt: 002938's debt to equity ratio has increased from 9.1% to 11.5% over the past 5 years.
Debt Coverage: 002938's debt is well covered by operating cash flow (206.4%).
Interest Coverage: 002938 earns more interest than it pays, so coverage of interest payments is not a concern.