Shanghai Waigaoqiao Free Trade Zone Group Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Waigaoqiao Free Trade Zone Group has a total shareholder equity of CN¥12.9B and total debt of CN¥22.1B, which brings its debt-to-equity ratio to 171.2%. Its total assets and total liabilities are CN¥45.4B and CN¥32.5B respectively. Shanghai Waigaoqiao Free Trade Zone Group's EBIT is CN¥1.3B making its interest coverage ratio 3. It has cash and short-term investments of CN¥5.1B.
Key information
171.2%
Debt to equity ratio
CN¥22.12b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥5.09b |
| Equity | CN¥12.92b |
| Total liabilities | CN¥32.49b |
| Total assets | CN¥45.42b |
Recent financial health updates
Shanghai Waigaoqiao Free Trade Zone Group (SHSE:600648) Has No Shortage Of Debt
Sep 25
Shanghai Waigaoqiao Free Trade Zone Group (SHSE:600648) Has A Somewhat Strained Balance Sheet
Jun 25Recent updates
Shanghai Waigaoqiao Free Trade Zone Group's (SHSE:600648) Returns On Capital Not Reflecting Well On The Business
Dec 02Shanghai Waigaoqiao Free Trade Zone Group (SHSE:600648) Has No Shortage Of Debt
Sep 25Shanghai Waigaoqiao Free Trade Zone Group's (SHSE:600648) Shareholders Have More To Worry About Than Only Soft Earnings
Aug 29Here's What's Concerning About Shanghai Waigaoqiao Free Trade Zone Group's (SHSE:600648) Returns On Capital
Aug 01Shanghai Waigaoqiao Free Trade Zone Group (SHSE:600648) Has A Somewhat Strained Balance Sheet
Jun 25Investors Don't See Light At End Of Shanghai Waigaoqiao Free Trade Zone Group Co., Ltd.'s (SHSE:600648) Tunnel
Apr 26Capital Allocation Trends At Shanghai Waigaoqiao Free Trade Zone Group (SHSE:600648) Aren't Ideal
Mar 05Financial Position Analysis
Short Term Liabilities: 600648's short term assets (CN¥20.6B) do not cover its short term liabilities (CN¥22.3B).
Long Term Liabilities: 600648's short term assets (CN¥20.6B) exceed its long term liabilities (CN¥10.2B).
Debt to Equity History and Analysis
Debt Level: 600648's net debt to equity ratio (131.8%) is considered high.
Reducing Debt: 600648's debt to equity ratio has increased from 105.3% to 171.2% over the past 5 years.
Debt Coverage: 600648's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600648's interest payments on its debt are well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:55 |
| End of Day Share Price | 2024/12/20 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Waigaoqiao Free Trade Zone Group Co., Ltd. is covered by 5 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 |
|---|---|
| Jinsong Du | Credit Suisse |
| Lilei Tu | Haitong Securities Co., Ltd. |
| Li Shen | Shanghai Securities Company |