Shanghai CarthaneLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai CarthaneLtd has a total shareholder equity of CN¥876.7M and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥1.1B and CN¥209.0M respectively. Shanghai CarthaneLtd's EBIT is CN¥47.9M making its interest coverage ratio -13.6. It has cash and short-term investments of CN¥158.7M.
Key information
1.1%
Debt to equity ratio
CN¥10.00m
Debt
Interest coverage ratio | -13.6x |
Cash | CN¥158.71m |
Equity | CN¥876.73m |
Total liabilities | CN¥209.00m |
Total assets | CN¥1.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603037's short term assets (CN¥645.3M) exceed its short term liabilities (CN¥193.0M).
Long Term Liabilities: 603037's short term assets (CN¥645.3M) exceed its long term liabilities (CN¥16.0M).
Debt to Equity History and Analysis
Debt Level: 603037 has more cash than its total debt.
Reducing Debt: 603037's debt to equity ratio has increased from 0.3% to 1.1% over the past 5 years.
Debt Coverage: 603037's debt is well covered by operating cash flow (1019.5%).
Interest Coverage: 603037 earns more interest than it pays, so coverage of interest payments is not a concern.