Shenzhen Textile (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Textile (Holdings) has a total shareholder equity of CN¥4.2B and total debt of CN¥383.7M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥5.5B and CN¥1.3B respectively. Shenzhen Textile (Holdings)'s EBIT is CN¥214.2M making its interest coverage ratio -117. It has cash and short-term investments of CN¥1.2B.
Key information
9.1%
Debt to equity ratio
CN¥383.73m
Debt
| Interest coverage ratio | -117x |
| Cash | CN¥1.16b |
| Equity | CN¥4.20b |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥5.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200045's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥906.3M).
Long Term Liabilities: 200045's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥419.9M).
Debt to Equity History and Analysis
Debt Level: 200045 has more cash than its total debt.
Reducing Debt: 200045's debt to equity ratio has increased from 0.7% to 9.1% over the past 5 years.
Debt Coverage: 200045's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 200045 earns more interest than it pays, so coverage of interest payments is not a concern.