Shenzhen Chuangyitong TechnologyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Shenzhen Chuangyitong TechnologyLtd has a total shareholder equity of CN¥641.1M and total debt of CN¥435.6M, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are CN¥1.4B and CN¥714.5M respectively. Shenzhen Chuangyitong TechnologyLtd's EBIT is CN¥31.8M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥111.7M.
Key information
67.9%
Debt to equity ratio
CN¥435.62m
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥111.68m |
| Equity | CN¥641.10m |
| Total liabilities | CN¥714.48m |
| Total assets | CN¥1.36b |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Shenzhen Chuangyitong Technology Co.,Ltd. (SZSE:300991) With Shares Advancing 44%
Oct 09
Here's What's Concerning About Shenzhen Chuangyitong TechnologyLtd's (SZSE:300991) Returns On Capital
Sep 28Shenzhen Chuangyitong Technology Co.,Ltd.'s (SZSE:300991) Popularity With Investors Under Threat As Stock Sinks 28%
Aug 12Optimistic Investors Push Shenzhen Chuangyitong Technology Co.,Ltd. (SZSE:300991) Shares Up 25% But Growth Is Lacking
Jun 12The Returns On Capital At Shenzhen Chuangyitong TechnologyLtd (SZSE:300991) Don't Inspire Confidence
May 22Shenzhen Chuangyitong Technology Co.,Ltd. (SZSE:300991) May Have Run Too Fast Too Soon With Recent 27% Price Plummet
Apr 22The Strong Earnings Posted By Shenzhen Chuangyitong TechnologyLtd (SZSE:300991) Are A Good Indication Of The Strength Of The Business
Apr 15Shenzhen Chuangyitong Technology Co.,Ltd.'s (SZSE:300991) Price Is Out Of Tune With Revenues
Feb 27Financial Position Analysis
Short Term Liabilities: 300991's short term assets (CN¥505.9M) do not cover its short term liabilities (CN¥566.1M).
Long Term Liabilities: 300991's short term assets (CN¥505.9M) exceed its long term liabilities (CN¥148.4M).
Debt to Equity History and Analysis
Debt Level: 300991's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: 300991's debt to equity ratio has increased from 12.8% to 67.9% over the past 5 years.
Debt Coverage: 300991's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: 300991's interest payments on its debt are not well covered by EBIT (2.1x coverage).