Shanghai Xintonglian Packaging Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Xintonglian Packaging has a total shareholder equity of CN¥792.6M and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are CN¥1.1B and CN¥310.2M respectively. Shanghai Xintonglian Packaging's EBIT is CN¥66.9M making its interest coverage ratio 55.6. It has cash and short-term investments of CN¥192.0M.
Key information
6.3%
Debt to equity ratio
CN¥50.00m
Debt
| Interest coverage ratio | 55.6x |
| Cash | CN¥191.96m |
| Equity | CN¥792.58m |
| Total liabilities | CN¥310.16m |
| Total assets | CN¥1.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603022's short term assets (CN¥587.2M) exceed its short term liabilities (CN¥277.8M).
Long Term Liabilities: 603022's short term assets (CN¥587.2M) exceed its long term liabilities (CN¥32.4M).
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 10.9% to 6.3% over the past 5 years.
Debt Coverage: 603022's debt is well covered by operating cash flow (214.4%).
Interest Coverage: 603022's interest payments on its debt are well covered by EBIT (55.6x coverage).