Shenzhen Gongjin Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Gongjin Electronics has a total shareholder equity of CN¥5.0B and total debt of CN¥450.1M, which brings its debt-to-equity ratio to 8.9%. Its total assets and total liabilities are CN¥9.3B and CN¥4.3B respectively. Shenzhen Gongjin Electronics's EBIT is CN¥90.3M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥2.0B.
Key information
8.9%
Debt to equity ratio
CN¥450.11m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥2.05b |
| Equity | CN¥5.05b |
| Total liabilities | CN¥4.30b |
| Total assets | CN¥9.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603118's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 603118's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥159.1M).
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 reduced from 17.8% to 8.9% over the past 5 years.
Debt Coverage: 603118's debt is well covered by operating cash flow (48.9%).
Interest Coverage: 603118 earns more interest than it pays, so coverage of interest payments is not a concern.