China Leadshine Technology Balance Sheet Health
Financial Health criteria checks 5/6
China Leadshine Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥423.9M, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥2.3B and CN¥889.9M respectively. China Leadshine Technology's EBIT is CN¥182.8M making its interest coverage ratio -35.5. It has cash and short-term investments of CN¥383.5M.
Key information
29.7%
Debt to equity ratio
CN¥423.90m
Debt
| Interest coverage ratio | -35.5x |
| Cash | CN¥383.49m |
| Equity | CN¥1.43b |
| Total liabilities | CN¥889.90m |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Recent updates
Here's What's Concerning About China Leadshine Technology's (SZSE:002979) Returns On Capital
Aug 16
What Does China Leadshine Technology Co., Ltd.'s (SZSE:002979) Share Price Indicate?
Jul 04Returns On Capital Signal Tricky Times Ahead For China Leadshine Technology (SZSE:002979)
Apr 09Should You Think About Buying China Leadshine Technology Co., Ltd. (SZSE:002979) Now?
Mar 18Investors Appear Satisfied With China Leadshine Technology Co., Ltd.'s (SZSE:002979) Prospects
Mar 01Financial Position Analysis
Short Term Liabilities: 002979's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥697.7M).
Long Term Liabilities: 002979's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥192.2M).
Debt to Equity History and Analysis
Debt Level: 002979's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 002979's debt to equity ratio has increased from 1.9% to 29.7% over the past 5 years.
Debt Coverage: 002979's debt is well covered by operating cash flow (33.7%).
Interest Coverage: 002979 earns more interest than it pays, so coverage of interest payments is not a concern.