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¥4.0B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are CN¥9.4B and CN¥5.5B respectively. Shanghai Tongji Science&Technology IndustrialLtd's EBIT is CN¥227.0M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥2.2B.
Key information
45.8%
Debt to equity ratio
CN¥1.81b
Debt
Interest coverage ratio | -1.4x |
Cash | CN¥2.23b |
Equity | CN¥3.95b |
Total liabilities | CN¥5.46b |
Total assets | CN¥9.41b |
Financial Position Analysis
Short Term Liabilities: 600846's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 600846's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥48.8M).
Debt to Equity History and Analysis
Debt Level: 600846 has more cash than its total debt.
Reducing Debt: 600846's debt to equity ratio has reduced from 85.9% to 45.8% 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.