Anhui Shiny Electronic Technology Balance Sheet Health
Financial Health criteria checks 3/6
Anhui Shiny Electronic Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥547.6M, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are CN¥2.5B and CN¥1.4B respectively. Anhui Shiny Electronic Technology's EBIT is CN¥82.0M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥238.8M.
Key information
48.6%
Debt to equity ratio
CN¥547.59m
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥238.78m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥2.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300956's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300956's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥370.0M).
Debt to Equity History and Analysis
Debt Level: 300956's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: 300956's debt to equity ratio has increased from 24.5% to 48.6% over the past 5 years.
Debt Coverage: 300956's debt is not well covered by operating cash flow (16.8%).
Interest Coverage: 300956's interest payments on its debt are not well covered by EBIT (2.3x coverage).