Essence Fastening Systems (Shanghai) Balance Sheet Health
Financial Health criteria checks 4/6
Essence Fastening Systems (Shanghai) has a total shareholder equity of CN¥773.6M and total debt of CN¥145.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥1.2B and CN¥395.5M respectively. Essence Fastening Systems (Shanghai)'s EBIT is CN¥3.1M making its interest coverage ratio -3.9. It has cash and short-term investments of CN¥190.2M.
Key information
18.7%
Debt to equity ratio
CN¥145.03m
Debt
| Interest coverage ratio | -3.9x |
| Cash | CN¥190.17m |
| Equity | CN¥773.64m |
| Total liabilities | CN¥395.46m |
| Total assets | CN¥1.17b |
Recent financial health updates
No updates
Recent updates
Essence Fastening Systems (Shanghai) (SZSE:301005) Is Reinvesting At Lower Rates Of Return
Nov 18
Optimistic Investors Push Essence Fastening Systems (Shanghai) Co., Ltd. (SZSE:301005) Shares Up 40% But Growth Is Lacking
Oct 08Essence Fastening Systems (Shanghai)'s (SZSE:301005) Problems Go Beyond Weak Profit
Aug 29Essence Fastening Systems (Shanghai) (SZSE:301005) May Have Issues Allocating Its Capital
Jul 25Essence Fastening Systems (Shanghai) Co., Ltd.'s (SZSE:301005) Business Is Trailing The Industry But Its Shares Aren't
Jun 24Essence Fastening Systems (Shanghai) (SZSE:301005) May Have Issues Allocating Its Capital
Apr 17Essence Fastening Systems (Shanghai) Co., Ltd.'s (SZSE:301005) 29% Price Boost Is Out Of Tune With Revenues
Mar 11Financial Position Analysis
Short Term Liabilities: 301005's short term assets (CN¥672.2M) exceed its short term liabilities (CN¥371.4M).
Long Term Liabilities: 301005's short term assets (CN¥672.2M) exceed its long term liabilities (CN¥24.0M).
Debt to Equity History and Analysis
Debt Level: 301005 has more cash than its total debt.
Reducing Debt: 301005's debt to equity ratio has increased from 7.8% to 18.7% over the past 5 years.
Debt Coverage: 301005's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301005 earns more interest than it pays, so coverage of interest payments is not a concern.