Shanghai Shuixing Home Textile Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Shuixing Home Textile has a total shareholder equity of CN¥3.0B and total debt of CN¥80.5M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥3.7B and CN¥709.4M respectively. Shanghai Shuixing Home Textile's EBIT is CN¥421.5M making its interest coverage ratio 1990.7. It has cash and short-term investments of CN¥1.5B.
Key information
2.7%
Debt to equity ratio
CN¥80.52m
Debt
Interest coverage ratio | 1990.7x |
Cash | CN¥1.51b |
Equity | CN¥2.99b |
Total liabilities | CN¥709.39m |
Total assets | CN¥3.70b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603365's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥656.3M).
Long Term Liabilities: 603365's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥53.1M).
Debt to Equity History and Analysis
Debt Level: 603365 has more cash than its total debt.
Reducing Debt: 603365's debt to equity ratio has increased from 0% to 2.7% over the past 5 years.
Debt Coverage: 603365's debt is well covered by operating cash flow (506%).
Interest Coverage: 603365's interest payments on its debt are well covered by EBIT (1990.7x coverage).