Shenzhen Kaifa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Kaifa Technology has a total shareholder equity of CN¥13.0B and total debt of CN¥9.8B, which brings its debt-to-equity ratio to 75.5%. Its total assets and total liabilities are CN¥28.1B and CN¥15.2B respectively. Shenzhen Kaifa Technology's EBIT is CN¥1.0B making its interest coverage ratio -25.9. It has cash and short-term investments of CN¥9.0B.
Key information
75.5%
Debt to equity ratio
CN¥9.80b
Debt
| Interest coverage ratio | -25.9x |
| Cash | CN¥9.02b |
| Equity | CN¥12.97b |
| Total liabilities | CN¥15.16b |
| Total assets | CN¥28.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000021's short term assets (CN¥16.3B) exceed its short term liabilities (CN¥12.8B).
Long Term Liabilities: 000021's short term assets (CN¥16.3B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 000021's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: 000021's debt to equity ratio has reduced from 98.4% to 75.5% over the past 5 years.
Debt Coverage: 000021's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 000021 earns more interest than it pays, so coverage of interest payments is not a concern.