Shanghai Mechanical & Electrical IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Mechanical & Electrical IndustryLtd has a total shareholder equity of CN¥16.1B and total debt of CN¥10.2M, which brings its debt-to-equity ratio to 0.06%. Its total assets and total liabilities are CN¥36.9B and CN¥20.8B respectively. Shanghai Mechanical & Electrical IndustryLtd's EBIT is CN¥782.3M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥14.3B.
Key information
0.06%
Debt to equity ratio
CN¥10.25m
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥14.28b |
| Equity | CN¥16.14b |
| Total liabilities | CN¥20.81b |
| Total assets | CN¥36.95b |
Recent financial health updates
Recent updates
Shanghai Mechanical & Electrical Industry Co.,Ltd.'s (SHSE:600835) Shares Bounce 36% But Its Business Still Trails The Market
Oct 17
An Intrinsic Calculation For Shanghai Mechanical & Electrical Industry Co.,Ltd. (SHSE:600835) Suggests It's 42% Undervalued
Sep 23Investors Aren't Buying Shanghai Mechanical & Electrical Industry Co.,Ltd.'s (SHSE:600835) Earnings
Jul 30Shanghai Mechanical & Electrical IndustryLtd (SHSE:600835) Has A Pretty Healthy Balance Sheet
Jun 12Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Mechanical & Electrical IndustryLtd (SHSE:600835)
May 03Shanghai Mechanical & Electrical IndustryLtd (SHSE:600835) May Have Issues Allocating Its Capital
Apr 17One Analyst Just Shaved Their Shanghai Mechanical & Electrical Industry Co.,Ltd. (SHSE:600835) Forecasts Dramatically
Mar 30Shanghai Mechanical & Electrical Industry Co.,Ltd. Just Missed Revenue By 7.6%: Here's What Analysts Think Will Happen Next
Mar 27Financial Position Analysis
Short Term Liabilities: 600835's short term assets (CN¥30.5B) exceed its short term liabilities (CN¥20.5B).
Long Term Liabilities: 600835's short term assets (CN¥30.5B) exceed its long term liabilities (CN¥360.7M).
Debt to Equity History and Analysis
Debt Level: 600835 has more cash than its total debt.
Reducing Debt: 600835's debt to equity ratio has reduced from 0.3% to 0.06% over the past 5 years.
Debt Coverage: 600835's debt is well covered by operating cash flow (9656.8%).
Interest Coverage: 600835 earns more interest than it pays, so coverage of interest payments is not a concern.