Shanghai Cooltech Power Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Cooltech Power has a total shareholder equity of CN¥850.6M and total debt of CN¥185.1M, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are CN¥1.7B and CN¥814.8M respectively. Shanghai Cooltech Power's EBIT is CN¥34.1M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥462.4M.
Key information
21.8%
Debt to equity ratio
CN¥185.12m
Debt
Interest coverage ratio | -6.4x |
Cash | CN¥462.36m |
Equity | CN¥850.60m |
Total liabilities | CN¥814.77m |
Total assets | CN¥1.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300153's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥726.5M).
Long Term Liabilities: 300153's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥88.3M).
Debt to Equity History and Analysis
Debt Level: 300153 has more cash than its total debt.
Reducing Debt: 300153's debt to equity ratio has increased from 18.3% to 21.8% over the past 5 years.
Debt Coverage: 300153's debt is well covered by operating cash flow (108.4%).
Interest Coverage: 300153 earns more interest than it pays, so coverage of interest payments is not a concern.