SPIC Industry-Finance Holdings Balance Sheet Health
Financial Health criteria checks 6/6
SPIC Industry-Finance Holdings has a total shareholder equity of CN¥29.4B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 34.6%. Its total assets and total liabilities are CN¥47.1B and CN¥17.8B respectively. SPIC Industry-Finance Holdings's EBIT is CN¥1.5B making its interest coverage ratio -3. It has cash and short-term investments of CN¥19.0B.
Key information
34.6%
Debt to equity ratio
CN¥10.16b
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥18.98b |
| Equity | CN¥29.37b |
| Total liabilities | CN¥17.76b |
| Total assets | CN¥47.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000958's short term assets (CN¥27.0B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 000958's short term assets (CN¥27.0B) exceed its long term liabilities (CN¥10.3B).
Debt to Equity History and Analysis
Debt Level: 000958 has more cash than its total debt.
Reducing Debt: 000958's debt to equity ratio has reduced from 189% to 34.6% over the past 5 years.
Debt Coverage: 000958's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 000958 earns more interest than it pays, so coverage of interest payments is not a concern.