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¥1.7B and total debt of CN¥718.9M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CN¥3.7B and CN¥2.1B respectively. Shanghai Sheng Jian Environment Technology's EBIT is CN¥154.5M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥320.1M.
Key information
43.4%
Debt to equity ratio
CN¥718.95m
Debt
| Interest coverage ratio | 16.2x |
| Cash | CN¥320.07m |
| Equity | CN¥1.66b |
| Total liabilities | CN¥2.08b |
| Total assets | CN¥3.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603324's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603324's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥369.4M).
Debt to Equity History and Analysis
Debt Level: 603324's net debt to equity ratio (24.1%) is considered satisfactory.
Reducing Debt: 603324's debt to equity ratio has increased from 27.3% to 43.4% over the past 5 years.
Debt Coverage: 603324's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603324's interest payments on its debt are well covered by EBIT (16.2x coverage).