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¥497.8M, which brings its debt-to-equity ratio to 37.8%. Its total assets and total liabilities are CN¥2.2B and CN¥847.0M respectively. Shanghai Sinotec's EBIT is CN¥111.2M making its interest coverage ratio 92.2. It has cash and short-term investments of CN¥332.1M.
Key information
37.8%
Debt to equity ratio
CN¥497.79m
Debt
| Interest coverage ratio | 92.2x |
| Cash | CN¥332.15m |
| Equity | CN¥1.32b |
| Total liabilities | CN¥847.02m |
| Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603121's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥454.0M).
Long Term Liabilities: 603121's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥393.0M).
Debt to Equity History and Analysis
Debt Level: 603121's net debt to equity ratio (12.6%) is considered satisfactory.
Reducing Debt: 603121's debt to equity ratio has increased from 11.7% to 37.8% over the past 5 years.
Debt Coverage: 603121's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 603121's interest payments on its debt are well covered by EBIT (92.2x coverage).