Shanghai Waigaoqiao Free Trade Zone Group Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Waigaoqiao Free Trade Zone Group has a total shareholder equity of CN¥12.9B and total debt of CN¥17.7B, which brings its debt-to-equity ratio to 137.2%. Its total assets and total liabilities are CN¥44.1B and CN¥31.2B respectively. Shanghai Waigaoqiao Free Trade Zone Group's EBIT is CN¥1.2B making its interest coverage ratio -232.6. It has cash and short-term investments of CN¥5.2B.
Key information
137.2%
Debt to equity ratio
CN¥17.69b
Debt
| Interest coverage ratio | -232.6x |
| Cash | CN¥5.20b |
| Equity | CN¥12.89b |
| Total liabilities | CN¥31.17b |
| Total assets | CN¥44.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600648's short term assets (CN¥20.9B) exceed its short term liabilities (CN¥19.9B).
Long Term Liabilities: 600648's short term assets (CN¥20.9B) exceed its long term liabilities (CN¥11.3B).
Debt to Equity History and Analysis
Debt Level: 600648's net debt to equity ratio (96.9%) is considered high.
Reducing Debt: 600648's debt to equity ratio has increased from 92.4% to 137.2% over the past 5 years.
Debt Coverage: 600648's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600648 earns more interest than it pays, so coverage of interest payments is not a concern.