Ningbo Sunrise Elc TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Sunrise Elc TechnologyLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥397.2M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are CN¥2.5B and CN¥905.4M respectively. Ningbo Sunrise Elc TechnologyLtd's EBIT is CN¥295.3M making its interest coverage ratio -184.3. It has cash and short-term investments of CN¥882.9M.
Key information
25.4%
Debt to equity ratio
CN¥397.19m
Debt
| Interest coverage ratio | -184.3x |
| Cash | CN¥882.92m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥905.41m |
| Total assets | CN¥2.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002937's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥484.0M).
Long Term Liabilities: 002937's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥421.4M).
Debt to Equity History and Analysis
Debt Level: 002937 has more cash than its total debt.
Reducing Debt: 002937's debt to equity ratio has increased from 0% to 25.4% over the past 5 years.
Debt Coverage: 002937's debt is well covered by operating cash flow (107.2%).
Interest Coverage: 002937 earns more interest than it pays, so coverage of interest payments is not a concern.