Shanghai Sinotec Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Sinotec has a total shareholder equity of CN¥1.3B and total debt of CN¥509.8M, which brings its debt-to-equity ratio to 38.5%. Its total assets and total liabilities are CN¥2.2B and CN¥882.7M respectively. Shanghai Sinotec's EBIT is CN¥94.0M making its interest coverage ratio -74.6. It has cash and short-term investments of CN¥357.5M.
Key information
38.5%
Debt to equity ratio
CN¥509.82m
Debt
| Interest coverage ratio | -74.6x |
| Cash | CN¥357.50m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥882.70m |
| Total assets | CN¥2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603121's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥462.9M).
Long Term Liabilities: 603121's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥419.8M).
Debt to Equity History and Analysis
Debt Level: 603121's net debt to equity ratio (11.5%) is considered satisfactory.
Reducing Debt: 603121's debt to equity ratio has increased from 11.4% to 38.5% over the past 5 years.
Debt Coverage: 603121's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 603121 earns more interest than it pays, so coverage of interest payments is not a concern.