Shanghai Challenge TextileLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Challenge TextileLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥35.0M, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are CN¥1.2B and CN¥176.6M respectively. Shanghai Challenge TextileLtd's EBIT is CN¥39.0M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥297.2M.
Key information
3.4%
Debt to equity ratio
CN¥34.97m
Debt
| Interest coverage ratio | -2.5x |
| Cash | CN¥297.19m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥176.61m |
| Total assets | CN¥1.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002486's short term assets (CN¥711.3M) exceed its short term liabilities (CN¥155.6M).
Long Term Liabilities: 002486's short term assets (CN¥711.3M) exceed its long term liabilities (CN¥21.0M).
Debt to Equity History and Analysis
Debt Level: 002486 has more cash than its total debt.
Reducing Debt: 002486's debt to equity ratio has increased from 0.2% to 3.4% over the past 5 years.
Debt Coverage: 002486's debt is well covered by operating cash flow (222.9%).
Interest Coverage: 002486 earns more interest than it pays, so coverage of interest payments is not a concern.