Shenzhen Keanda Electronic Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Keanda Electronic Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥1.4B and CN¥224.8M respectively. Shenzhen Keanda Electronic Technology's EBIT is CN¥67.0M making its interest coverage ratio -4.3. It has cash and short-term investments of CN¥403.9M.
Key information
4.1%
Debt to equity ratio
CN¥50.00m
Debt
Interest coverage ratio | -4.3x |
Cash | CN¥403.86m |
Equity | CN¥1.21b |
Total liabilities | CN¥224.78m |
Total assets | CN¥1.44b |
Financial Position Analysis
Short Term Liabilities: 002972's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥221.4M).
Long Term Liabilities: 002972's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥3.3M).
Debt to Equity History and Analysis
Debt Level: 002972 has more cash than its total debt.
Reducing Debt: 002972's debt to equity ratio has increased from 0% to 4.1% over the past 5 years.
Debt Coverage: 002972's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002972 earns more interest than it pays, so coverage of interest payments is not a concern.