Shanghai Zhenhua Heavy Industries Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Zhenhua Heavy Industries has a total shareholder equity of CN¥19.1B and total debt of CN¥28.1B, which brings its debt-to-equity ratio to 146.9%. Its total assets and total liabilities are CN¥84.7B and CN¥65.6B respectively. Shanghai Zhenhua Heavy Industries's EBIT is CN¥1.2B making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥5.2B.
Key information
146.9%
Debt to equity ratio
CN¥28.05b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥5.22b |
| Equity | CN¥19.09b |
| Total liabilities | CN¥65.60b |
| Total assets | CN¥84.69b |
Recent financial health updates
Recent updates
Shanghai Zhenhua Heavy Industries Co., Ltd.'s (SHSE:600320) P/E Is On The Mark
May 01
Additional Considerations Required While Assessing Shanghai Zhenhua Heavy Industries' (SHSE:600320) Strong Earnings
Apr 04These 4 Measures Indicate That Shanghai Zhenhua Heavy Industries (SHSE:600320) Is Using Debt Extensively
Feb 29Financial Position Analysis
Short Term Liabilities: 600320's short term assets (CN¥45.2B) exceed its short term liabilities (CN¥45.1B).
Long Term Liabilities: 600320's short term assets (CN¥45.2B) exceed its long term liabilities (CN¥20.5B).
Debt to Equity History and Analysis
Debt Level: 600320's net debt to equity ratio (119.6%) is considered high.
Reducing Debt: 600320's debt to equity ratio has reduced from 213.1% to 146.9% over the past 5 years.
Debt Coverage: 600320's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 600320's interest payments on its debt are not well covered by EBIT (2.7x coverage).