Shanghai Karon Eco-Valve Manufacturing Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Karon Eco-Valve Manufacturing has a total shareholder equity of CN¥2.1B and total debt of CN¥212.8M, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are CN¥2.7B and CN¥565.3M respectively. Shanghai Karon Eco-Valve Manufacturing's EBIT is CN¥132.6M making its interest coverage ratio -411.3. It has cash and short-term investments of CN¥1.3B.
Key information
10.2%
Debt to equity ratio
CN¥212.83m
Debt
Interest coverage ratio | -411.3x |
Cash | CN¥1.30b |
Equity | CN¥2.09b |
Total liabilities | CN¥565.27m |
Total assets | CN¥2.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301151's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥556.6M).
Long Term Liabilities: 301151's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥8.7M).
Debt to Equity History and Analysis
Debt Level: 301151 has more cash than its total debt.
Reducing Debt: 301151's debt to equity ratio has increased from 7.7% to 10.2% over the past 5 years.
Debt Coverage: 301151's debt is well covered by operating cash flow (54.8%).
Interest Coverage: 301151 earns more interest than it pays, so coverage of interest payments is not a concern.