Shanghai SK Petroleum & Chemical Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai SK Petroleum & Chemical Equipment has a total shareholder equity of CN¥1.2B and total debt of CN¥119.3M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are CN¥1.8B and CN¥571.5M respectively. Shanghai SK Petroleum & Chemical Equipment's EBIT is CN¥48.0M making its interest coverage ratio -23.9. It has cash and short-term investments of CN¥192.5M.
Key information
10.0%
Debt to equity ratio
CN¥119.26m
Debt
| Interest coverage ratio | -23.9x |
| Cash | CN¥192.54m |
| Equity | CN¥1.19b |
| Total liabilities | CN¥571.46m |
| Total assets | CN¥1.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002278's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥528.8M).
Long Term Liabilities: 002278's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥42.7M).
Debt to Equity History and Analysis
Debt Level: 002278 has more cash than its total debt.
Reducing Debt: 002278's debt to equity ratio has increased from 0.2% to 10% over the past 5 years.
Debt Coverage: 002278's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002278 earns more interest than it pays, so coverage of interest payments is not a concern.