Shanghai Beite Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Beite Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥852.3M, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are CN¥3.4B and CN¥1.7B respectively. Shanghai Beite Technology's EBIT is CN¥91.3M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥214.2M.
Key information
49.3%
Debt to equity ratio
CN¥852.32m
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥214.24m |
Equity | CN¥1.73b |
Total liabilities | CN¥1.66b |
Total assets | CN¥3.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603009's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603009's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥138.2M).
Debt to Equity History and Analysis
Debt Level: 603009's net debt to equity ratio (36.9%) is considered satisfactory.
Reducing Debt: 603009's debt to equity ratio has increased from 34.5% to 49.3% over the past 5 years.
Debt Coverage: 603009's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 603009's interest payments on its debt are not well covered by EBIT (2.3x coverage).