Shanghai Zhenhua Heavy Industries Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Zhenhua Heavy Industries has a total shareholder equity of CN¥18.1B and total debt of CN¥27.2B, which brings its debt-to-equity ratio to 149.9%. Its total assets and total liabilities are CN¥81.2B and CN¥63.1B respectively. Shanghai Zhenhua Heavy Industries's EBIT is CN¥1.4B making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥4.3B.
Key information
149.9%
Debt to equity ratio
CN¥27.16b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥4.27b |
| Equity | CN¥18.12b |
| Total liabilities | CN¥63.13b |
| Total assets | CN¥81.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600320's short term assets (CN¥41.9B) do not cover its short term liabilities (CN¥42.9B).
Long Term Liabilities: 600320's short term assets (CN¥41.9B) exceed its long term liabilities (CN¥20.2B).
Debt to Equity History and Analysis
Debt Level: 600320's net debt to equity ratio (126.3%) is considered high.
Reducing Debt: 600320's debt to equity ratio has reduced from 232.8% to 149.9% over the past 5 years.
Debt Coverage: 600320's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 600320's interest payments on its debt are not well covered by EBIT (2.9x coverage).