Dnake (Xiamen) Intelligent Technology Balance Sheet Health
Financial Health criteria checks 6/6
Dnake (Xiamen) Intelligent Technology has a total shareholder equity of CN¥1.4B and total debt of CN¥33.1M, which brings its debt-to-equity ratio to 2.4%. Its total assets and total liabilities are CN¥1.9B and CN¥523.7M respectively. Dnake (Xiamen) Intelligent Technology's EBIT is CN¥58.2M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥853.8M.
Key information
2.4%
Debt to equity ratio
CN¥33.13m
Debt
Interest coverage ratio | -3.5x |
Cash | CN¥853.83m |
Equity | CN¥1.37b |
Total liabilities | CN¥523.71m |
Total assets | CN¥1.89b |
Financial Position Analysis
Short Term Liabilities: 300884's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥502.3M).
Long Term Liabilities: 300884's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥21.4M).
Debt to Equity History and Analysis
Debt Level: 300884 has more cash than its total debt.
Reducing Debt: 300884's debt to equity ratio has reduced from 6.5% to 2.4% over the past 5 years.
Debt Coverage: 300884's debt is well covered by operating cash flow (648.4%).
Interest Coverage: 300884 earns more interest than it pays, so coverage of interest payments is not a concern.