Shanghai Kaichuang Marine International Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Kaichuang Marine International has a total shareholder equity of CN¥2.3B and total debt of CN¥208.1M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥3.3B and CN¥1.0B respectively. Shanghai Kaichuang Marine International's EBIT is CN¥216.2M making its interest coverage ratio -26796.7. It has cash and short-term investments of CN¥585.9M.
Key information
9.1%
Debt to equity ratio
CN¥208.12m
Debt
Interest coverage ratio | -26796.7x |
Cash | CN¥585.87m |
Equity | CN¥2.29b |
Total liabilities | CN¥1.05b |
Total assets | CN¥3.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600097's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥511.0M).
Long Term Liabilities: 600097's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥534.4M).
Debt to Equity History and Analysis
Debt Level: 600097 has more cash than its total debt.
Reducing Debt: 600097's debt to equity ratio has reduced from 19.9% to 9.1% over the past 5 years.
Debt Coverage: 600097's debt is well covered by operating cash flow (205.5%).
Interest Coverage: 600097 earns more interest than it pays, so coverage of interest payments is not a concern.