Shanghai Kindly Enterprise Development GroupLTD Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Kindly Enterprise Development GroupLTD has a total shareholder equity of CN¥2.9B and total debt of CN¥619.9M, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are CN¥4.1B and CN¥1.2B respectively. Shanghai Kindly Enterprise Development GroupLTD's EBIT is CN¥206.7M making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥327.4M.
Key information
21.6%
Debt to equity ratio
CN¥619.91m
Debt
| Interest coverage ratio | -5.5x |
| Cash | CN¥327.39m |
| Equity | CN¥2.88b |
| Total liabilities | CN¥1.20b |
| Total assets | CN¥4.08b |
Financial Position Analysis
Short Term Liabilities: 603987's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603987's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥107.9M).
Debt to Equity History and Analysis
Debt Level: 603987's net debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: 603987's debt to equity ratio has reduced from 27.6% to 21.6% over the past 5 years.
Debt Coverage: 603987's debt is well covered by operating cash flow (61.4%).
Interest Coverage: 603987 earns more interest than it pays, so coverage of interest payments is not a concern.