Shang Gong Group Balance Sheet Health
Financial Health criteria checks 3/6
Shang Gong Group has a total shareholder equity of CN¥3.6B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥6.5B and CN¥2.8B respectively. Shang Gong Group's EBIT is CN¥111.0M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥1.5B.
Key information
37.2%
Debt to equity ratio
CN¥1.35b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CN¥1.48b |
| Equity | CN¥3.62b |
| Total liabilities | CN¥2.84b |
| Total assets | CN¥6.46b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Shang Gong Group (SHSE:600843) Is Using Debt Extensively
Jun 14
There's Reason For Concern Over Shang Gong Group Co., Ltd.'s (SHSE:600843) Massive 36% Price Jump
May 20Shang Gong Group (SHSE:600843) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 29The Returns On Capital At Shang Gong Group (SHSE:600843) Don't Inspire Confidence
Mar 21Some Confidence Is Lacking In Shang Gong Group Co., Ltd. (SHSE:600843) As Shares Slide 25%
Feb 28Financial Position Analysis
Short Term Liabilities: 600843's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 600843's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥586.7M).
Debt to Equity History and Analysis
Debt Level: 600843 has more cash than its total debt.
Reducing Debt: 600843's debt to equity ratio has increased from 22.6% to 37.2% over the past 5 years.
Debt Coverage: 600843's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: 600843's interest payments on its debt are not well covered by EBIT (2.8x coverage).