Shanghai Tongji Science&Technology IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Tongji Science&Technology IndustrialLtd has a total shareholder equity of CN¥4.1B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are CN¥11.6B and CN¥7.4B respectively. Shanghai Tongji Science&Technology IndustrialLtd's EBIT is CN¥182.8M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥2.1B.
Key information
63.7%
Debt to equity ratio
CN¥2.63b
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥2.08b |
| Equity | CN¥4.12b |
| Total liabilities | CN¥7.44b |
| Total assets | CN¥11.56b |
Recent financial health updates
No updates
Recent updates
Shanghai Tongji Science&Technology IndustrialLtd's (SHSE:600846) Weak Earnings Might Be Worse Than They Appear
Nov 06
Shanghai Tongji Science&Technology IndustrialLtd (SHSE:600846) Will Be Hoping To Turn Its Returns On Capital Around
Sep 30The Returns At Shanghai Tongji Science&Technology IndustrialLtd (SHSE:600846) Aren't Growing
Jun 07Why Shanghai Tongji Science&Technology IndustrialLtd's (SHSE:600846) Soft Earnings Are Just The Beginning Of Its Problems
May 07Financial Position Analysis
Short Term Liabilities: 600846's short term assets (CN¥9.7B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 600846's short term assets (CN¥9.7B) exceed its long term liabilities (CN¥539.4M).
Debt to Equity History and Analysis
Debt Level: 600846's net debt to equity ratio (13.2%) is considered satisfactory.
Reducing Debt: 600846's debt to equity ratio has reduced from 76.1% to 63.7% over the past 5 years.
Debt Coverage: 600846's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600846 earns more interest than it pays, so coverage of interest payments is not a concern.