Suzhou Shijing Environmental TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Suzhou Shijing Environmental TechnologyLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 136.1%. Its total assets and total liabilities are CN¥8.4B and CN¥6.4B respectively. Suzhou Shijing Environmental TechnologyLtd's EBIT is CN¥536.6M making its interest coverage ratio 10.5. It has cash and short-term investments of CN¥1.0B.
Key information
136.1%
Debt to equity ratio
CN¥2.67b
Debt
Interest coverage ratio | 10.5x |
Cash | CN¥1.00b |
Equity | CN¥1.96b |
Total liabilities | CN¥6.41b |
Total assets | CN¥8.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301030's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 301030's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 301030's net debt to equity ratio (84.9%) is considered high.
Reducing Debt: 301030's debt to equity ratio has increased from 49.2% to 136.1% over the past 5 years.
Debt Coverage: 301030's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301030's interest payments on its debt are well covered by EBIT (10.5x coverage).