Shanghai Huitong EnergyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Huitong EnergyLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥10.7M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥1.6B and CN¥231.7M respectively. Shanghai Huitong EnergyLtd's EBIT is CN¥16.4M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥1.5B.
Key information
0.8%
Debt to equity ratio
CN¥10.73m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥1.46b |
| Equity | CN¥1.39b |
| Total liabilities | CN¥231.68m |
| Total assets | CN¥1.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600605's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥209.5M).
Long Term Liabilities: 600605's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥22.2M).
Debt to Equity History and Analysis
Debt Level: 600605 has more cash than its total debt.
Reducing Debt: 600605's debt to equity ratio has increased from 0.1% to 0.8% over the past 5 years.
Debt Coverage: 600605's debt is well covered by operating cash flow (775.5%).
Interest Coverage: 600605 earns more interest than it pays, so coverage of interest payments is not a concern.