Shanghai Kindly Enterprise Development GroupLTD Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Kindly Enterprise Development GroupLTD has a total shareholder equity of CN¥2.9B and total debt of CN¥745.7M, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are CN¥4.2B and CN¥1.3B respectively. Shanghai Kindly Enterprise Development GroupLTD's EBIT is CN¥226.1M making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥365.8M.
Key information
26.1%
Debt to equity ratio
CN¥745.69m
Debt
Interest coverage ratio | -10.6x |
Cash | CN¥365.76m |
Equity | CN¥2.86b |
Total liabilities | CN¥1.32b |
Total assets | CN¥4.18b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603987's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603987's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥151.0M).
Debt to Equity History and Analysis
Debt Level: 603987's net debt to equity ratio (13.3%) is considered satisfactory.
Reducing Debt: 603987's debt to equity ratio has increased from 10.7% to 26.1% over the past 5 years.
Debt Coverage: 603987's debt is well covered by operating cash flow (42.8%).
Interest Coverage: 603987 earns more interest than it pays, so coverage of interest payments is not a concern.