China Leadshine Technology Balance Sheet Health
Financial Health criteria checks 5/6
China Leadshine Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥431.6M, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are CN¥2.3B and CN¥966.2M respectively. China Leadshine Technology's EBIT is CN¥89.3M making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥393.5M.
Key information
33.6%
Debt to equity ratio
CN¥431.63m
Debt
Interest coverage ratio | -11.6x |
Cash | CN¥393.46m |
Equity | CN¥1.29b |
Total liabilities | CN¥966.19m |
Total assets | CN¥2.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002979's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥750.7M).
Long Term Liabilities: 002979's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥215.5M).
Debt to Equity History and Analysis
Debt Level: 002979's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 002979's debt to equity ratio has increased from 1.7% to 33.6% over the past 5 years.
Debt Coverage: 002979's debt is well covered by operating cash flow (45%).
Interest Coverage: 002979 earns more interest than it pays, so coverage of interest payments is not a concern.