Shanghai Supezet Engineering Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Supezet Engineering Technology has a total shareholder equity of CN¥2.6B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 93.6%. Its total assets and total liabilities are CN¥7.8B and CN¥5.2B respectively. Shanghai Supezet Engineering Technology's EBIT is CN¥326.1M making its interest coverage ratio 15.9. It has cash and short-term investments of CN¥447.1M.
Key information
93.6%
Debt to equity ratio
CN¥2.43b
Debt
Interest coverage ratio | 15.9x |
Cash | CN¥447.08m |
Equity | CN¥2.60b |
Total liabilities | CN¥5.21b |
Total assets | CN¥7.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688121's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 688121's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 688121's net debt to equity ratio (76.4%) is considered high.
Reducing Debt: 688121's debt to equity ratio has increased from 37.8% to 93.6% over the past 5 years.
Debt Coverage: 688121's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688121's interest payments on its debt are well covered by EBIT (15.9x coverage).