Shanghai Aj GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Aj GroupLtd has a total shareholder equity of CN¥12.5B and total debt of CN¥8.8B, which brings its debt-to-equity ratio to 70.4%. Its total assets and total liabilities are CN¥24.9B and CN¥12.3B respectively. Shanghai Aj GroupLtd's EBIT is CN¥823.0M making its interest coverage ratio 8. It has cash and short-term investments of CN¥2.1B.
Key information
70.4%
Debt to equity ratio
CN¥8.81b
Debt
Interest coverage ratio | 8x |
Cash | CN¥2.09b |
Equity | CN¥12.52b |
Total liabilities | CN¥12.34b |
Total assets | CN¥24.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600643's short term assets (CN¥9.8B) exceed its short term liabilities (CN¥7.6B).
Long Term Liabilities: 600643's short term assets (CN¥9.8B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 600643's net debt to equity ratio (53.7%) is considered high.
Reducing Debt: 600643's debt to equity ratio has reduced from 142.1% to 70.4% over the past 5 years.
Debt Coverage: 600643's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: 600643's interest payments on its debt are well covered by EBIT (8x coverage).