Shanghai Sheng Jian Environment Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Sheng Jian Environment Technology has a total shareholder equity of CN¥1.7B and total debt of CN¥718.9M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CN¥3.7B and CN¥2.1B respectively. Shanghai Sheng Jian Environment Technology's EBIT is CN¥154.5M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥320.1M.
Key information
43.4%
Debt to equity ratio
CN¥718.95m
Debt
| Interest coverage ratio | 16.2x |
| Cash | CN¥320.07m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥2.08b |
| Total assets | CN¥3.73b |
Recent financial health updates
No updates
Recent updates
Investors Shouldn't Be Too Comfortable With Shanghai Sheng Jian Environment Technology's (SHSE:603324) Earnings
Nov 06
Shanghai Sheng Jian Environment Technology (SHSE:603324) May Have Issues Allocating Its Capital
Sep 28Shanghai Sheng Jian Environment Technology Co., Ltd. (SHSE:603324) Stock Rockets 33% But Many Are Still Ignoring The Company
Aug 17Shanghai Sheng Jian Environment Technology Co., Ltd.'s (SHSE:603324) Subdued P/E Might Signal An Opportunity
Jun 13We Think You Should Be Aware Of Some Concerning Factors In Shanghai Sheng Jian Environment Technology's (SHSE:603324) Earnings
Apr 25Shanghai Sheng Jian Environment Technology (SHSE:603324) Could Be Struggling To Allocate Capital
Mar 15Financial Position Analysis
Short Term Liabilities: 603324's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603324's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥369.4M).
Debt to Equity History and Analysis
Debt Level: 603324's net debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: 603324's debt to equity ratio has increased from 27.3% to 43.4% over the past 5 years.
Debt Coverage: 603324's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603324's interest payments on its debt are well covered by EBIT (16.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:52 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shanghai Sheng Jian Environment Technology Co., Ltd. is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Weijia Wang | Huatai Research |
| Yi Cai | Industrial Securities Co. Ltd. |