Shanghai Highly (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Highly (Group) has a total shareholder equity of CN¥7.8B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 49.8%. Its total assets and total liabilities are CN¥21.8B and CN¥14.0B respectively. Shanghai Highly (Group)'s EBIT is CN¥106.8M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥3.4B.
Key information
49.8%
Debt to equity ratio
CN¥3.86b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥3.43b |
| Equity | CN¥7.75b |
| Total liabilities | CN¥14.03b |
| Total assets | CN¥21.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600619's short term assets (CN¥14.2B) exceed its short term liabilities (CN¥11.7B).
Long Term Liabilities: 600619's short term assets (CN¥14.2B) exceed its long term liabilities (CN¥2.3B).
Debt to Equity History and Analysis
Debt Level: 600619's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 600619's debt to equity ratio has reduced from 51.8% to 49.8% over the past 5 years.
Debt Coverage: 600619's debt is well covered by operating cash flow (46.3%).
Interest Coverage: 600619's interest payments on its debt are not well covered by EBIT (1.2x coverage).