Shenzhen Xinhao Photoelectricity Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Xinhao Photoelectricity Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are CN¥5.1B and CN¥2.3B respectively.
Key information
54.0%
Debt to equity ratio
CN¥1.53b
Debt
Interest coverage ratio | n/a |
Cash | CN¥835.87m |
Equity | CN¥2.82b |
Total liabilities | CN¥2.25b |
Total assets | CN¥5.07b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301051's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 301051's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥420.0M).
Debt to Equity History and Analysis
Debt Level: 301051's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: 301051's debt to equity ratio has increased from 16.2% to 54% over the past 5 years.
Debt Coverage: 301051's debt is not well covered by operating cash flow (3.8%).
Interest Coverage: Insufficient data to determine if 301051's interest payments on its debt are well covered by EBIT.