Shanghai Xintonglian Packaging Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Xintonglian Packaging has a total shareholder equity of CN¥763.6M and total debt of CN¥59.0M, which brings its debt-to-equity ratio to 7.7%. Its total assets and total liabilities are CN¥1.0B and CN¥273.1M respectively. Shanghai Xintonglian Packaging's EBIT is CN¥44.7M making its interest coverage ratio -471.8. It has cash and short-term investments of CN¥166.4M.
Key information
7.7%
Debt to equity ratio
CN¥59.00m
Debt
Interest coverage ratio | -471.8x |
Cash | CN¥166.39m |
Equity | CN¥763.58m |
Total liabilities | CN¥273.09m |
Total assets | CN¥1.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603022's short term assets (CN¥566.7M) exceed its short term liabilities (CN¥247.3M).
Long Term Liabilities: 603022's short term assets (CN¥566.7M) exceed its long term liabilities (CN¥25.8M).
Debt to Equity History and Analysis
Debt Level: 603022 has more cash than its total debt.
Reducing Debt: 603022's debt to equity ratio has reduced from 9.7% to 7.7% over the past 5 years.
Debt Coverage: 603022's debt is well covered by operating cash flow (156.3%).
Interest Coverage: 603022 earns more interest than it pays, so coverage of interest payments is not a concern.