Shenzhen Kaifa Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Kaifa Technology has a total shareholder equity of CN¥13.5B and total debt of CN¥9.8B, which brings its debt-to-equity ratio to 72.1%. Its total assets and total liabilities are CN¥29.2B and CN¥15.6B respectively. Shenzhen Kaifa Technology's EBIT is CN¥1.1B making its interest coverage ratio -46.1. It has cash and short-term investments of CN¥9.0B.
Key information
72.1%
Debt to equity ratio
CN¥9.76b
Debt
| Interest coverage ratio | -46.1x |
| Cash | CN¥9.03b |
| Equity | CN¥13.54b |
| Total liabilities | CN¥15.62b |
| Total assets | CN¥29.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000021's short term assets (CN¥16.7B) exceed its short term liabilities (CN¥13.2B).
Long Term Liabilities: 000021's short term assets (CN¥16.7B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 000021's net debt to equity ratio (5.4%) is considered satisfactory.
Reducing Debt: 000021's debt to equity ratio has reduced from 110.5% to 72.1% over the past 5 years.
Debt Coverage: 000021's debt is well covered by operating cash flow (32%).
Interest Coverage: 000021 earns more interest than it pays, so coverage of interest payments is not a concern.