Shenzhen Gongjin Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Gongjin Electronics has a total shareholder equity of CN¥5.0B and total debt of CN¥881.9M, which brings its debt-to-equity ratio to 17.6%. Its total assets and total liabilities are CN¥8.8B and CN¥3.8B respectively. Shenzhen Gongjin Electronics's EBIT is CN¥29.1M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥2.0B.
Key information
17.6%
Debt to equity ratio
CN¥881.91m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥2.01b |
| Equity | CN¥5.01b |
| Total liabilities | CN¥3.76b |
| Total assets | CN¥8.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603118's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 603118's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥167.0M).
Debt to Equity History and Analysis
Debt Level: 603118 has more cash than its total debt.
Reducing Debt: 603118's debt to equity ratio has increased from 15.3% to 17.6% over the past 5 years.
Debt Coverage: 603118's debt is well covered by operating cash flow (32.4%).
Interest Coverage: 603118 earns more interest than it pays, so coverage of interest payments is not a concern.