Shanghai Sanmao Enterprise (Group) Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Sanmao Enterprise (Group) has a total shareholder equity of CN¥448.0M and total debt of CN¥3.4M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥808.6M and CN¥360.6M respectively. Shanghai Sanmao Enterprise (Group)'s EBIT is CN¥8.4M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥160.7M.
Key information
0.8%
Debt to equity ratio
CN¥3.37m
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥160.75m |
| Equity | CN¥448.04m |
| Total liabilities | CN¥360.58m |
| Total assets | CN¥808.63m |
Financial Position Analysis
Short Term Liabilities: 600689's short term assets (CN¥558.6M) exceed its short term liabilities (CN¥327.9M).
Long Term Liabilities: 600689's short term assets (CN¥558.6M) exceed its long term liabilities (CN¥32.7M).
Debt to Equity History and Analysis
Debt Level: 600689 has more cash than its total debt.
Reducing Debt: 600689's debt to equity ratio has increased from 0.5% to 0.8% over the past 5 years.
Debt Coverage: 600689's debt is well covered by operating cash flow (1425.5%).
Interest Coverage: 600689 earns more interest than it pays, so coverage of interest payments is not a concern.