Shanghai Challenge TextileLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Challenge TextileLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥15.1M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.3B and CN¥216.2M respectively. Shanghai Challenge TextileLtd's EBIT is CN¥22.0M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥346.9M.
Key information
1.4%
Debt to equity ratio
CN¥15.14m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥346.85m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥216.25m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Challenge TextileLtd (SZSE:002486)
Nov 06
Shanghai Challenge Textile Co.,Ltd.'s (SZSE:002486) 29% Share Price Surge Not Quite Adding Up
Sep 24Shanghai Challenge TextileLtd (SZSE:002486) Is Experiencing Growth In Returns On Capital
Aug 01Shanghai Challenge Textile Co.,Ltd.'s (SZSE:002486) 31% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Jun 07Shanghai Challenge TextileLtd's (SZSE:002486) Returns On Capital Are Heading Higher
Feb 27Financial Position Analysis
Short Term Liabilities: 002486's short term assets (CN¥778.6M) exceed its short term liabilities (CN¥190.2M).
Long Term Liabilities: 002486's short term assets (CN¥778.6M) exceed its long term liabilities (CN¥26.0M).
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 reduced from 1.6% to 1.4% over the past 5 years.
Debt Coverage: 002486's debt is well covered by operating cash flow (629.7%).
Interest Coverage: 002486 earns more interest than it pays, so coverage of interest payments is not a concern.