Shenzhen TXD TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen TXD TechnologyLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are CN¥7.6B and CN¥5.0B respectively.
Key information
39.4%
Debt to equity ratio
CN¥1.05b
Debt
Interest coverage ratio | n/a |
Cash | CN¥688.63m |
Equity | CN¥2.67b |
Total liabilities | CN¥4.96b |
Total assets | CN¥7.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002845's short term assets (CN¥5.0B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 002845's short term assets (CN¥5.0B) exceed its long term liabilities (CN¥521.0M).
Debt to Equity History and Analysis
Debt Level: 002845's net debt to equity ratio (13.6%) is considered satisfactory.
Reducing Debt: 002845's debt to equity ratio has increased from 30.9% to 39.4% over the past 5 years.
Debt Coverage: 002845's debt is well covered by operating cash flow (57.6%).
Interest Coverage: Insufficient data to determine if 002845's interest payments on its debt are well covered by EBIT.