Shenzhen Longsys Electronics Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Longsys Electronics has a total shareholder equity of CN¥7.0B and total debt of CN¥7.5B, which brings its debt-to-equity ratio to 107.1%. Its total assets and total liabilities are CN¥16.9B and CN¥9.9B respectively. Shenzhen Longsys Electronics's EBIT is CN¥910.0M making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥1.3B.
Key information
107.1%
Debt to equity ratio
CN¥7.53b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥1.28b |
| Equity | CN¥7.03b |
| Total liabilities | CN¥9.89b |
| Total assets | CN¥16.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301308's short term assets (CN¥11.9B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 301308's short term assets (CN¥11.9B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 301308's net debt to equity ratio (88.8%) is considered high.
Reducing Debt: 301308's debt to equity ratio has increased from 12.6% to 107.1% over the past 5 years.
Debt Coverage: 301308's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301308's interest payments on its debt are well covered by EBIT (4.4x coverage).