Essence Fastening Systems (Shanghai) Balance Sheet Health
Financial Health criteria checks 5/6
Essence Fastening Systems (Shanghai) has a total shareholder equity of CN¥825.4M and total debt of CN¥122.1M, which brings its debt-to-equity ratio to 14.8%. Its total assets and total liabilities are CN¥1.1B and CN¥309.0M respectively. Essence Fastening Systems (Shanghai)'s EBIT is CN¥5.0M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥246.3M.
Key information
14.8%
Debt to equity ratio
CN¥122.08m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥246.34m |
Equity | CN¥825.39m |
Total liabilities | CN¥309.03m |
Total assets | CN¥1.13b |
Recent financial health updates
No updates
Recent updates
Essence 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¥638.9M) exceed its short term liabilities (CN¥284.1M).
Long Term Liabilities: 301005's short term assets (CN¥638.9M) exceed its long term liabilities (CN¥25.0M).
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 9.4% to 14.8% over the past 5 years.
Debt Coverage: 301005's debt is well covered by operating cash flow (34.1%).
Interest Coverage: 301005 earns more interest than it pays, so coverage of interest payments is not a concern.