Shenzhen Textile (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Textile (Holdings) has a total shareholder equity of CN¥4.1B and total debt of CN¥557.1M, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are CN¥5.6B and CN¥1.5B respectively. Shenzhen Textile (Holdings)'s EBIT is CN¥148.6M making its interest coverage ratio 24.8. It has cash and short-term investments of CN¥1.2B.
Key information
13.4%
Debt to equity ratio
CN¥557.07m
Debt
| Interest coverage ratio | 24.8x |
| Cash | CN¥1.18b |
| Equity | CN¥4.15b |
| Total liabilities | CN¥1.50b |
| Total assets | CN¥5.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000045's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥901.4M).
Long Term Liabilities: 000045's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥601.5M).
Debt to Equity History and Analysis
Debt Level: 000045 has more cash than its total debt.
Reducing Debt: 000045's debt to equity ratio has increased from 1.4% to 13.4% over the past 5 years.
Debt Coverage: 000045's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 000045's interest payments on its debt are well covered by EBIT (24.8x coverage).