Shanghai Sheng Jian Environment Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Sheng Jian Environment Technology has a total shareholder equity of CN¥1.6B and total debt of CN¥620.2M, which brings its debt-to-equity ratio to 38.1%. Its total assets and total liabilities are CN¥3.7B and CN¥2.1B respectively. Shanghai Sheng Jian Environment Technology's EBIT is CN¥146.3M making its interest coverage ratio 17.3. It has cash and short-term investments of CN¥449.3M.
Key information
38.1%
Debt to equity ratio
CN¥620.18m
Debt
| Interest coverage ratio | 17.3x |
| Cash | CN¥449.32m |
| Equity | CN¥1.63b |
| Total liabilities | CN¥2.06b |
| Total assets | CN¥3.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603324's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 603324's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥204.3M).
Debt to Equity History and Analysis
Debt Level: 603324's net debt to equity ratio (10.5%) is considered satisfactory.
Reducing Debt: 603324's debt to equity ratio has increased from 26.6% to 38.1% over the past 5 years.
Debt Coverage: 603324's debt is not well covered by operating cash flow (2.8%).
Interest Coverage: 603324's interest payments on its debt are well covered by EBIT (17.3x coverage).