SPIC Industry-Finance Holdings Balance Sheet Health
Financial Health criteria checks 5/6
SPIC Industry-Finance Holdings has a total shareholder equity of CN¥29.4B and total debt of CN¥10.7B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are CN¥46.4B and CN¥17.0B respectively. SPIC Industry-Finance Holdings's EBIT is CN¥1.6B making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥18.9B.
Key information
36.5%
Debt to equity ratio
CN¥10.73b
Debt
Interest coverage ratio | -3.3x |
Cash | CN¥18.88b |
Equity | CN¥29.41b |
Total liabilities | CN¥17.03b |
Total assets | CN¥46.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000958's short term assets (CN¥25.5B) exceed its short term liabilities (CN¥6.8B).
Long Term Liabilities: 000958's short term assets (CN¥25.5B) 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 132.8% to 36.5% over the past 5 years.
Debt Coverage: 000958's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 000958 earns more interest than it pays, so coverage of interest payments is not a concern.