Shenzhen Chuangyitong TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Chuangyitong TechnologyLtd has a total shareholder equity of CN¥648.8M and total debt of CN¥446.0M, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥1.3B and CN¥699.3M respectively. Shenzhen Chuangyitong TechnologyLtd's EBIT is CN¥37.0M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥206.3M.
Key information
68.7%
Debt to equity ratio
CN¥446.03m
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥206.34m |
Equity | CN¥648.79m |
Total liabilities | CN¥699.34m |
Total assets | CN¥1.35b |
Recent financial health updates
No updates
Recent updates
Shenzhen 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¥503.3M) do not cover its short term liabilities (CN¥525.3M).
Long Term Liabilities: 300991's short term assets (CN¥503.3M) exceed its long term liabilities (CN¥174.0M).
Debt to Equity History and Analysis
Debt Level: 300991's net debt to equity ratio (36.9%) is considered satisfactory.
Reducing Debt: 300991's debt to equity ratio has increased from 13.4% to 68.7% over the past 5 years.
Debt Coverage: 300991's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 300991's interest payments on its debt are not well covered by EBIT (2.7x coverage).