Shanghai Nenghui TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Nenghui TechnologyLtd has a total shareholder equity of CN¥850.1M and total debt of CN¥432.3M, which brings its debt-to-equity ratio to 50.8%. Its total assets and total liabilities are CN¥1.8B and CN¥930.5M respectively. Shanghai Nenghui TechnologyLtd's EBIT is CN¥63.0M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥459.0M.
Key information
50.8%
Debt to equity ratio
CN¥432.26m
Debt
| Interest coverage ratio | -7.8x |
| Cash | CN¥458.96m |
| Equity | CN¥850.08m |
| Total liabilities | CN¥930.50m |
| Total assets | CN¥1.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301046's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥504.5M).
Long Term Liabilities: 301046's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥426.0M).
Debt to Equity History and Analysis
Debt Level: 301046 has more cash than its total debt.
Reducing Debt: 301046's debt to equity ratio has increased from 0% to 50.8% over the past 5 years.
Debt Coverage: 301046's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301046 earns more interest than it pays, so coverage of interest payments is not a concern.