Shanghai YongLi Belting Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai YongLi Belting has a total shareholder equity of CN¥3.2B and total debt of CN¥491.1M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥4.2B and CN¥1.0B respectively. Shanghai YongLi Belting's EBIT is CN¥228.9M making its interest coverage ratio -8.1. It has cash and short-term investments of CN¥981.9M.
Key information
15.5%
Debt to equity ratio
CN¥491.11m
Debt
Interest coverage ratio | -8.1x |
Cash | CN¥981.92m |
Equity | CN¥3.16b |
Total liabilities | CN¥1.02b |
Total assets | CN¥4.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300230's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥765.0M).
Long Term Liabilities: 300230's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥253.3M).
Debt to Equity History and Analysis
Debt Level: 300230 has more cash than its total debt.
Reducing Debt: 300230's debt to equity ratio has increased from 9.5% to 15.5% over the past 5 years.
Debt Coverage: 300230's debt is well covered by operating cash flow (62.9%).
Interest Coverage: 300230 earns more interest than it pays, so coverage of interest payments is not a concern.