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¥151.4M, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are CN¥1.8B and CN¥633.2M respectively. Shanghai SK Petroleum & Chemical Equipment's EBIT is CN¥38.5M making its interest coverage ratio 15.1. It has cash and short-term investments of CN¥205.7M.
Key information
12.5%
Debt to equity ratio
CN¥151.44m
Debt
| Interest coverage ratio | 15.1x |
| Cash | CN¥205.66m |
| Equity | CN¥1.21b |
| Total liabilities | CN¥633.18m |
| Total assets | CN¥1.85b |
Recent financial health updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Shanghai SK Petroleum & Chemical Equipment (SZSE:002278)
Nov 03
Getting In Cheap On Shanghai SK Petroleum & Chemical Equipment Corporation Ltd. (SZSE:002278) Is Unlikely
Jul 30Returns On Capital At Shanghai SK Petroleum & Chemical Equipment (SZSE:002278) Have Hit The Brakes
May 30Shanghai SK Petroleum & Chemical Equipment's (SZSE:002278) Earnings May Just Be The Starting Point
May 03Some Shareholders Feeling Restless Over Shanghai SK Petroleum & Chemical Equipment Corporation Ltd.'s (SZSE:002278) P/S Ratio
Feb 27Financial Position Analysis
Short Term Liabilities: 002278's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥593.6M).
Long Term Liabilities: 002278's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥39.6M).
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 0.6% to 12.5% over the past 5 years.
Debt Coverage: 002278's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002278's interest payments on its debt are well covered by EBIT (15.1x coverage).