Shanghai Datun Energy Resources Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Datun Energy Resources has a total shareholder equity of CN¥12.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are CN¥20.1B and CN¥7.3B respectively. Shanghai Datun Energy Resources's EBIT is CN¥359.2M making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥2.7B.
Key information
10.8%
Debt to equity ratio
CN¥1.39b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥2.72b |
| Equity | CN¥12.84b |
| Total liabilities | CN¥7.26b |
| Total assets | CN¥20.10b |
Recent financial health updates
Recent updates
Why Shanghai Datun Energy Resources' (SHSE:600508) Shaky Earnings Are Just The Beginning Of Its Problems
Oct 30
Shanghai Datun Energy Resources Co., Ltd. (SHSE:600508) Not Lagging Industry On Growth Or Pricing
Sep 25Here's Why Shanghai Datun Energy Resources (SHSE:600508) Can Manage Its Debt Responsibly
Jul 16Many Still Looking Away From Shanghai Datun Energy Resources Co., Ltd. (SHSE:600508)
Jun 20Here's What's Concerning About Shanghai Datun Energy Resources' (SHSE:600508) Returns On Capital
May 23Investors Continue Waiting On Sidelines For Shanghai Datun Energy Resources Co., Ltd. (SHSE:600508)
Feb 29Financial Position Analysis
Short Term Liabilities: 600508's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 600508's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 600508 has more cash than its total debt.
Reducing Debt: 600508's debt to equity ratio has reduced from 19.8% to 10.8% over the past 5 years.
Debt Coverage: 600508's debt is well covered by operating cash flow (94.1%).
Interest Coverage: 600508's interest payments on its debt are well covered by EBIT (5.4x coverage).