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¥21.7B, which brings its debt-to-equity ratio to 168.7%. 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¥1.4B making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥5.2B.
Key information
168.7%
Debt to equity ratio
CN¥21.74b
Debt
Interest coverage ratio | 3.8x |
Cash | CN¥5.20b |
Equity | CN¥12.89b |
Total liabilities | CN¥31.17b |
Total assets | CN¥44.06b |
Recent financial health updates
Recent updates
Shanghai 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¥20.9B) 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 (128.3%) is considered high.
Reducing Debt: 600648's debt to equity ratio has increased from 92.4% to 168.7% 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 (3.8x coverage).