Shida Shinghwa Advanced Material Group Balance Sheet Health
Financial Health criteria checks 3/6
Shida Shinghwa Advanced Material Group has a total shareholder equity of CN¥4.4B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CN¥8.4B and CN¥4.0B respectively.
Key information
49.4%
Debt to equity ratio
CN¥2.17b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.38b |
Equity | CN¥4.40b |
Total liabilities | CN¥3.96b |
Total assets | CN¥8.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603026's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 603026's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 603026's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 603026's debt to equity ratio has increased from 28.1% to 49.4% over the past 5 years.
Debt Coverage: 603026's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603026's interest payments on its debt are well covered by EBIT.