Shanghai Supezet Engineering Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Supezet Engineering Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 89.8%. Its total assets and total liabilities are CN¥7.6B and CN¥5.0B respectively. Shanghai Supezet Engineering Technology's EBIT is CN¥317.0M making its interest coverage ratio 15.5. It has cash and short-term investments of CN¥400.6M.
Key information
89.8%
Debt to equity ratio
CN¥2.39b
Debt
Interest coverage ratio | 15.5x |
Cash | CN¥400.61m |
Equity | CN¥2.66b |
Total liabilities | CN¥4.99b |
Total assets | CN¥7.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688121's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 688121's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 688121's net debt to equity ratio (74.7%) is considered high.
Reducing Debt: 688121's debt to equity ratio has increased from 42.4% to 89.8% over the past 5 years.
Debt Coverage: 688121's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688121's interest payments on its debt are well covered by EBIT (15.5x coverage).