Shandong Daye Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Daye has a total shareholder equity of CN¥2.5B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 118.2%. Its total assets and total liabilities are CN¥7.8B and CN¥5.3B respectively.
Key information
118.2%
Debt to equity ratio
CN¥2.96b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.40b |
| Equity | CN¥2.50b |
| Total liabilities | CN¥5.28b |
| Total assets | CN¥7.78b |
Recent financial health updates
No updates
Recent updates
Shandong Daye Co., Ltd. (SHSE:603278) Soars 36% But It's A Story Of Risk Vs Reward
Aug 05
Fewer Investors Than Expected Jumping On Shandong Daye Co., Ltd. (SHSE:603278)
Jun 07Shandong Daye (SHSE:603278) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
May 02Shandong Daye Co., Ltd. (SHSE:603278) Soars 42% But It's A Story Of Risk Vs Reward
Mar 07Financial Position Analysis
Short Term Liabilities: 603278's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥4.2B).
Long Term Liabilities: 603278's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 603278's net debt to equity ratio (62.4%) is considered high.
Reducing Debt: 603278's debt to equity ratio has increased from 26.9% to 118.2% over the past 5 years.
Debt Coverage: 603278's debt is not well covered by operating cash flow (9.7%).
Interest Coverage: Insufficient data to determine if 603278's interest payments on its debt are well covered by EBIT.