Shenzhen Xinhao Photoelectricity Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Xinhao Photoelectricity Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 53.7%. Its total assets and total liabilities are CN¥4.9B and CN¥2.3B respectively.
Key information
53.7%
Debt to equity ratio
CN¥1.42b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥766.17m |
| Equity | CN¥2.65b |
| Total liabilities | CN¥2.28b |
| Total assets | CN¥4.93b |
Recent financial health updates
We Think Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) Has A Fair Chunk Of Debt
Oct 02
Is Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) Using Too Much Debt?
Jun 26Is Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) A Risky Investment?
Feb 29Recent updates
We Think Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) Has A Fair Chunk Of Debt
Oct 02Is Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) Using Too Much Debt?
Jun 26Shareholders Will Be Pleased With The Quality of Shenzhen Xinhao Photoelectricity Technology's (SZSE:301051) Earnings
Apr 05Is Shenzhen Xinhao Photoelectricity Technology (SZSE:301051) A Risky Investment?
Feb 29Financial Position Analysis
Short Term Liabilities: 301051's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 301051's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥347.7M).
Debt to Equity History and Analysis
Debt Level: 301051's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: 301051's debt to equity ratio has increased from 9.2% to 53.7% over the past 5 years.
Debt Coverage: 301051's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: Insufficient data to determine if 301051's interest payments on its debt are well covered by EBIT.