Shinelong Automotive Lightweight Application Balance Sheet Health
Financial Health criteria checks 5/6
Shinelong Automotive Lightweight Application has a total shareholder equity of CN¥342.2M and total debt of CN¥19.6M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥619.1M and CN¥276.9M respectively. Shinelong Automotive Lightweight Application's EBIT is CN¥18.7M making its interest coverage ratio -29.2. It has cash and short-term investments of CN¥43.5M.
Key information
5.7%
Debt to equity ratio
CN¥19.55m
Debt
| Interest coverage ratio | -29.2x |
| Cash | CN¥43.55m |
| Equity | CN¥342.20m |
| Total liabilities | CN¥276.86m |
| Total assets | CN¥619.06m |
Recent financial health updates
Recent updates
Shinelong Automotive Lightweight Application Limited's (HKG:1930) 25% Dip In Price Shows Sentiment Is Matching Earnings
Apr 15
Some Investors May Be Worried About Shinelong Automotive Lightweight Application's (HKG:1930) Returns On Capital
Feb 20Is Shinelong Automotive Lightweight Application (HKG:1930) Using Too Much Debt?
Dec 16Capital Allocation Trends At Shinelong Automotive Lightweight Application (HKG:1930) Aren't Ideal
Nov 10Capital Allocation Trends At Shinelong Automotive Lightweight Application (HKG:1930) Aren't Ideal
Jun 13Shinelong Automotive Lightweight Application (HKG:1930) Might Be Having Difficulty Using Its Capital Effectively
Feb 02The Returns On Capital At Shinelong Automotive Lightweight Application (HKG:1930) Don't Inspire Confidence
Sep 23Shinelong Automotive Lightweight Application's (HKG:1930) Returns On Capital Not Reflecting Well On The Business
Jun 22Here's What's Concerning About Shinelong Automotive Lightweight Application's (HKG:1930) Returns On Capital
Mar 24Shinelong Automotive Lightweight Application (HKG:1930) Will Want To Turn Around Its Return Trends
Oct 04Shinelong Automotive Lightweight Application's (HKG:1930) Returns On Capital Not Reflecting Well On The Business
Jun 05Shinelong Automotive Lightweight Application's (HKG:1930) Earnings Are Growing But Is There More To The Story?
Feb 14
Is Now The Time To Put Shinelong Automotive Lightweight Application (HKG:1930) On Your Watchlist?
Jan 19Are Robust Financials Driving The Recent Rally In Shinelong Automotive Lightweight Application Limited's (HKG:1930) Stock?
Dec 27Has Shinelong Automotive Lightweight Application (HKG:1930) Got What It Takes To Become A Multi-Bagger?
Dec 06Financial Position Analysis
Short Term Liabilities: 1930's short term assets (CN¥417.9M) exceed its short term liabilities (CN¥260.0M).
Long Term Liabilities: 1930's short term assets (CN¥417.9M) exceed its long term liabilities (CN¥16.9M).
Debt to Equity History and Analysis
Debt Level: 1930 has more cash than its total debt.
Reducing Debt: 1930's debt to equity ratio has increased from 4.9% to 5.7% over the past 5 years.
Debt Coverage: 1930's debt is well covered by operating cash flow (186.4%).
Interest Coverage: 1930 earns more interest than it pays, so coverage of interest payments is not a concern.