Shanghai Highly (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Highly (Group) has a total shareholder equity of CN¥7.8B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 54.4%. Its total assets and total liabilities are CN¥22.2B and CN¥14.4B respectively. Shanghai Highly (Group)'s EBIT is CN¥173.9M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥4.2B.
Key information
54.4%
Debt to equity ratio
CN¥4.25b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥4.21b |
| Equity | CN¥7.81b |
| Total liabilities | CN¥14.42b |
| Total assets | CN¥22.23b |
Recent financial health updates
Is Shanghai Highly (Group) (SHSE:600619) Using Too Much Debt?
Oct 16
Does Shanghai Highly (Group) (SHSE:600619) Have A Healthy Balance Sheet?
Jun 03Recent updates
There's No Escaping Shanghai Highly (Group) Co., Ltd.'s (SHSE:600619) Muted Revenues Despite A 35% Share Price Rise
Nov 04Is Shanghai Highly (Group) (SHSE:600619) Using Too Much Debt?
Oct 16Shanghai Highly (Group) Co., Ltd. (SHSE:600619) Shares Fly 28% But Investors Aren't Buying For Growth
Sep 19Investors Shouldn't Be Too Comfortable With Shanghai Highly (Group)'s (SHSE:600619) Earnings
Sep 06Does Shanghai Highly (Group) (SHSE:600619) Have A Healthy Balance Sheet?
Jun 03Shanghai Highly (Group) Co., Ltd. (SHSE:600619) Held Back By Insufficient Growth Even After Shares Climb 30%
Mar 08Financial Position Analysis
Short Term Liabilities: 600619's short term assets (CN¥14.5B) exceed its short term liabilities (CN¥13.0B).
Long Term Liabilities: 600619's short term assets (CN¥14.5B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600619's net debt to equity ratio (0.5%) is considered satisfactory.
Reducing Debt: 600619's debt to equity ratio has increased from 33.9% to 54.4% over the past 5 years.
Debt Coverage: 600619's debt is well covered by operating cash flow (45.6%).
Interest Coverage: 600619's interest payments on its debt are not well covered by EBIT (2.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 01:06 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shanghai Highly (Group) Co., Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hongdao Zhang | Huatai Research |
| Ramachandra Kamath | Virtua Research Inc. |