Shanghai Kelai Mechatronics EngineeringLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Kelai Mechatronics EngineeringLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥7.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥1.3B and CN¥170.3M respectively. Shanghai Kelai Mechatronics EngineeringLtd's EBIT is CN¥80.0M making its interest coverage ratio -16.3. It has cash and short-term investments of CN¥335.6M.
Key information
0.6%
Debt to equity ratio
CN¥7.00m
Debt
| Interest coverage ratio | -16.3x |
| Cash | CN¥335.59m |
| Equity | CN¥1.09b |
| Total liabilities | CN¥170.34m |
| Total assets | CN¥1.26b |
Recent financial health updates
No updates
Recent updates
Shanghai Kelai Mechatronics EngineeringLtd (SHSE:603960) Will Want To Turn Around Its Return Trends
Nov 19
What Does Shanghai Kelai Mechatronics Engineering Co.,Ltd.'s (SHSE:603960) Share Price Indicate?
Sep 30Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Kelai Mechatronics EngineeringLtd (SHSE:603960)
Aug 30Shanghai Kelai Mechatronics EngineeringLtd (SHSE:603960) May Have Issues Allocating Its Capital
Aug 16Shanghai Kelai Mechatronics Engineering Co.,Ltd. (SHSE:603960) Not Flying Under The Radar
Aug 01What Does Shanghai Kelai Mechatronics Engineering Co.,Ltd.'s (SHSE:603960) Share Price Indicate?
May 13Shanghai Kelai Mechatronics Engineering Co.,Ltd. (SHSE:603960) Stocks Pounded By 28% But Not Lagging Market On Growth Or Pricing
Apr 16Shanghai Kelai Mechatronics EngineeringLtd (SHSE:603960) Could Be Struggling To Allocate Capital
Apr 12After Leaping 190% Shanghai Kelai Mechatronics Engineering Co.,Ltd. (SHSE:603960) Shares Are Not Flying Under The Radar
Feb 27Financial Position Analysis
Short Term Liabilities: 603960's short term assets (CN¥790.1M) exceed its short term liabilities (CN¥168.4M).
Long Term Liabilities: 603960's short term assets (CN¥790.1M) exceed its long term liabilities (CN¥1.9M).
Debt to Equity History and Analysis
Debt Level: 603960 has more cash than its total debt.
Reducing Debt: 603960's debt to equity ratio has reduced from 3.3% to 0.6% over the past 5 years.
Debt Coverage: 603960's debt is well covered by operating cash flow (1511.1%).
Interest Coverage: 603960 earns more interest than it pays, so coverage of interest payments is not a concern.