Shanghai National Center of Testing and Inspection for Electric Cable and Wire Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai National Center of Testing and Inspection for Electric Cable and Wire has a total shareholder equity of CN¥1.0B and total debt of CN¥19.5M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥1.2B and CN¥223.7M respectively. Shanghai National Center of Testing and Inspection for Electric Cable and Wire's EBIT is CN¥92.5M making its interest coverage ratio -16.2. It has cash and short-term investments of CN¥688.9M.
Key information
1.9%
Debt to equity ratio
CN¥19.50m
Debt
| Interest coverage ratio | -16.2x |
| Cash | CN¥688.92m |
| Equity | CN¥1.02b |
| Total liabilities | CN¥223.74m |
| Total assets | CN¥1.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301289's short term assets (CN¥768.1M) exceed its short term liabilities (CN¥104.1M).
Long Term Liabilities: 301289's short term assets (CN¥768.1M) exceed its long term liabilities (CN¥119.6M).
Debt to Equity History and Analysis
Debt Level: 301289 has more cash than its total debt.
Reducing Debt: 301289's debt to equity ratio has increased from 0% to 1.9% over the past 5 years.
Debt Coverage: 301289's debt is well covered by operating cash flow (629.2%).
Interest Coverage: 301289 earns more interest than it pays, so coverage of interest payments is not a concern.