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
We Think Shanghai Datun Energy Resources (SHSE:600508) Is Taking Some Risk With Its Debt
Nov 26
Here's Why Shanghai Datun Energy Resources (SHSE:600508) Can Manage Its Debt Responsibly
Jul 16Recent updates
We Think Shanghai Datun Energy Resources (SHSE:600508) Is Taking Some Risk With Its Debt
Nov 26Why Shanghai Datun Energy Resources' (SHSE:600508) Shaky Earnings Are Just The Beginning Of Its Problems
Oct 30Shanghai 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 10:30 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shanghai Datun Energy Resources Co., Ltd. is covered by 10 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qingyang Huang | AJ Securities Co., Ltd |
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Ping Lu | China Merchants Securities Co. Ltd. |