Songcheng Performance DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 5/6
Songcheng Performance DevelopmentLtd has a total shareholder equity of CN¥7.9B and total debt of CN¥111.1M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥9.3B and CN¥1.4B respectively. Songcheng Performance DevelopmentLtd's EBIT is CN¥1.3B making its interest coverage ratio -16.9. It has cash and short-term investments of CN¥3.5B.
Key information
1.4%
Debt to equity ratio
CN¥111.12m
Debt
| Interest coverage ratio | -16.9x |
| Cash | CN¥3.45b |
| Equity | CN¥7.85b |
| Total liabilities | CN¥1.43b |
| Total assets | CN¥9.28b |
Recent financial health updates
Recent updates
Is Songcheng Performance DevelopmentLtd (SZSE:300144) A Risky Investment?
Aug 23
Songcheng Performance DevelopmentLtd (SZSE:300144) Is Increasing Its Dividend To CN¥0.10
Jun 20Returns On Capital At Songcheng Performance DevelopmentLtd (SZSE:300144) Have Stalled
Jun 06Songcheng Performance Development Co.,Ltd's (SZSE:300144) Intrinsic Value Is Potentially 29% Above Its Share Price
May 21Songcheng Performance DevelopmentLtd's (SZSE:300144) Earnings Seem To Be Promising
May 02Should You Think About Buying Songcheng Performance Development Co.,Ltd (SZSE:300144) Now?
Apr 15The Price Is Right For Songcheng Performance Development Co.,Ltd (SZSE:300144)
Mar 01Financial Position Analysis
Short Term Liabilities: 300144's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥662.6M).
Long Term Liabilities: 300144's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥770.0M).
Debt to Equity History and Analysis
Debt Level: 300144 has more cash than its total debt.
Reducing Debt: 300144's debt to equity ratio has increased from 0% to 1.4% over the past 5 years.
Debt Coverage: 300144's debt is well covered by operating cash flow (1414.8%).
Interest Coverage: 300144 earns more interest than it pays, so coverage of interest payments is not a concern.