Shanghai Zhenhua Heavy Industries Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Zhenhua Heavy Industries has a total shareholder equity of CN¥19.0B and total debt of CN¥28.1B, which brings its debt-to-equity ratio to 147.8%. Its total assets and total liabilities are CN¥84.5B and CN¥65.5B respectively. Shanghai Zhenhua Heavy Industries's EBIT is CN¥1.3B making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥6.3B.
Key information
147.8%
Debt to equity ratio
CN¥28.12b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥6.26b |
| Equity | CN¥19.03b |
| Total liabilities | CN¥65.48b |
| Total assets | CN¥84.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600320's short term assets (CN¥45.3B) exceed its short term liabilities (CN¥42.9B).
Long Term Liabilities: 600320's short term assets (CN¥45.3B) exceed its long term liabilities (CN¥22.6B).
Debt to Equity History and Analysis
Debt Level: 600320's net debt to equity ratio (114.9%) is considered high.
Reducing Debt: 600320's debt to equity ratio has reduced from 221.5% to 147.8% over the past 5 years.
Debt Coverage: 600320's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 600320's interest payments on its debt are not well covered by EBIT (2.5x coverage).