Shandong Daye Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Daye has a total shareholder equity of CN¥2.7B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 106.1%. Its total assets and total liabilities are CN¥7.8B and CN¥5.2B respectively. Shandong Daye's EBIT is CN¥130.3M making its interest coverage ratio 2.6. It has cash and short-term investments of CN¥1.3B.
Key information
106.1%
Debt to equity ratio
CN¥2.82b
Debt
Interest coverage ratio | 2.6x |
Cash | CN¥1.28b |
Equity | CN¥2.66b |
Total liabilities | CN¥5.15b |
Total assets | CN¥7.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603278's short term assets (CN¥4.2B) do not cover its short term liabilities (CN¥4.2B).
Long Term Liabilities: 603278's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥949.5M).
Debt to Equity History and Analysis
Debt Level: 603278's net debt to equity ratio (58.1%) is considered high.
Reducing Debt: 603278's debt to equity ratio has increased from 17% to 106.1% over the past 5 years.
Debt Coverage: 603278's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 603278's interest payments on its debt are not well covered by EBIT (2.6x coverage).