Shuangliang Eco-Energy SystemsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shuangliang Eco-Energy SystemsLtd has a total shareholder equity of CN¥6.8B and total debt of CN¥10.4B, which brings its debt-to-equity ratio to 153.5%. Its total assets and total liabilities are CN¥30.0B and CN¥23.2B respectively. Shuangliang Eco-Energy SystemsLtd's EBIT is CN¥1.2B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥6.3B.
Key information
153.5%
Debt to equity ratio
CN¥10.44b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥6.26b |
| Equity | CN¥6.80b |
| Total liabilities | CN¥23.19b |
| Total assets | CN¥29.99b |
Recent financial health updates
Recent updates
Shuangliang Eco-Energy SystemsLtd's (SHSE:600481) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 07
Shuangliang Eco-Energy SystemsLtd (SHSE:600481) Seems To Be Using A Lot Of Debt
May 22Market Might Still Lack Some Conviction On Shuangliang Eco-Energy Systems Co.,Ltd (SHSE:600481) Even After 34% Share Price Boost
Mar 07Financial Position Analysis
Short Term Liabilities: 600481's short term assets (CN¥14.6B) do not cover its short term liabilities (CN¥18.1B).
Long Term Liabilities: 600481's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 600481's net debt to equity ratio (61.4%) is considered high.
Reducing Debt: 600481's debt to equity ratio has increased from 19.2% to 153.5% over the past 5 years.
Debt Coverage: 600481's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 600481's interest payments on its debt are well covered by EBIT (4.1x coverage).