Shanghai Beite Technology Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Beite Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥891.2M, which brings its debt-to-equity ratio to 51.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.6B respectively. Shanghai Beite Technology's EBIT is CN¥100.1M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥162.2M.
Key information
51.1%
Debt to equity ratio
CN¥891.20m
Debt
Interest coverage ratio | 2.3x |
Cash | CN¥162.23m |
Equity | CN¥1.74b |
Total liabilities | CN¥1.60b |
Total assets | CN¥3.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603009's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 603009's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥103.5M).
Debt to Equity History and Analysis
Debt Level: 603009's net debt to equity ratio (41.8%) is considered high.
Reducing Debt: 603009's debt to equity ratio has increased from 36.3% to 51.1% over the past 5 years.
Debt Coverage: 603009's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 603009's interest payments on its debt are not well covered by EBIT (2.3x coverage).