Shanghai Phoenix Enterprise (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Phoenix Enterprise (Group) has a total shareholder equity of CN¥2.2B and total debt of CN¥261.6M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CN¥3.4B and CN¥1.2B respectively. Shanghai Phoenix Enterprise (Group)'s EBIT is CN¥40.9M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥1.0B.
Key information
11.6%
Debt to equity ratio
CN¥261.62m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥1.03b |
| Equity | CN¥2.25b |
| Total liabilities | CN¥1.15b |
| Total assets | CN¥3.40b |
Recent financial health updates
Does Shanghai Phoenix Enterprise (Group) (SHSE:600679) Have A Healthy Balance Sheet?
Sep 03
Here's Why Shanghai Phoenix Enterprise (Group) (SHSE:600679) Can Manage Its Debt Responsibly
Feb 28Recent updates
Shanghai Phoenix Enterprise (Group) Co., Ltd.'s (SHSE:600679) 26% Price Boost Is Out Of Tune With Revenues
Oct 01Does Shanghai Phoenix Enterprise (Group) (SHSE:600679) Have A Healthy Balance Sheet?
Sep 03Unpleasant Surprises Could Be In Store For Shanghai Phoenix Enterprise (Group) Co., Ltd.'s (SHSE:600679) Shares
Jul 17Shanghai Phoenix Enterprise (Group)'s (SHSE:600679) Strong Earnings Are Of Good Quality
May 03Why Investors Shouldn't Be Surprised By Shanghai Phoenix Enterprise (Group) Co., Ltd.'s (SHSE:600679) 33% Share Price Plunge
Feb 29Here's Why Shanghai Phoenix Enterprise (Group) (SHSE:600679) Can Manage Its Debt Responsibly
Feb 28Financial Position Analysis
Short Term Liabilities: 600679's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥911.3M).
Long Term Liabilities: 600679's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥239.5M).
Debt to Equity History and Analysis
Debt Level: 600679 has more cash than its total debt.
Reducing Debt: 600679's debt to equity ratio has increased from 1.7% to 11.6% over the past 5 years.
Debt Coverage: 600679's debt is well covered by operating cash flow (49.8%).
Interest Coverage: 600679 earns more interest than it pays, so coverage of interest payments is not a concern.