Shanghai Sinotec Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Sinotec has a total shareholder equity of CN¥1.3B and total debt of CN¥459.6M, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are CN¥2.1B and CN¥829.8M respectively. Shanghai Sinotec's EBIT is CN¥119.9M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥165.6M.
Key information
36.3%
Debt to equity ratio
CN¥459.55m
Debt
Interest coverage ratio | -1.9x |
Cash | CN¥165.63m |
Equity | CN¥1.27b |
Total liabilities | CN¥829.76m |
Total assets | CN¥2.09b |
Financial Position Analysis
Short Term Liabilities: 603121's short term assets (CN¥943.2M) exceed its short term liabilities (CN¥604.6M).
Long Term Liabilities: 603121's short term assets (CN¥943.2M) exceed its long term liabilities (CN¥225.1M).
Debt to Equity History and Analysis
Debt Level: 603121's net debt to equity ratio (23.2%) is considered satisfactory.
Reducing Debt: 603121's debt to equity ratio has increased from 1.4% to 36.3% over the past 5 years.
Debt Coverage: 603121's debt is not well covered by operating cash flow (1.9%).
Interest Coverage: 603121 earns more interest than it pays, so coverage of interest payments is not a concern.