Shanghai Datun Energy Resources Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Datun Energy Resources has a total shareholder equity of CN¥12.6B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥19.9B and CN¥7.3B respectively. Shanghai Datun Energy Resources's EBIT is CN¥1.4B making its interest coverage ratio 23.1. It has cash and short-term investments of CN¥3.2B.
Key information
9.1%
Debt to equity ratio
CN¥1.15b
Debt
Interest coverage ratio | 23.1x |
Cash | CN¥3.16b |
Equity | CN¥12.61b |
Total liabilities | CN¥7.33b |
Total assets | CN¥19.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600508's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 600508's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥3.7B).
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 13.9% to 9.1% over the past 5 years.
Debt Coverage: 600508's debt is well covered by operating cash flow (120%).
Interest Coverage: 600508's interest payments on its debt are well covered by EBIT (23.1x coverage).