Shanghai Sunglow Packaging TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Sunglow Packaging TechnologyLtd has a total shareholder equity of CN¥841.4M and total debt of CN¥297.5M, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are CN¥1.4B and CN¥600.2M respectively. Shanghai Sunglow Packaging TechnologyLtd's EBIT is CN¥54.1M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥107.0M.
Key information
35.4%
Debt to equity ratio
CN¥297.52m
Debt
| Interest coverage ratio | 4.2x |
| Cash | CN¥106.99m |
| Equity | CN¥841.40m |
| Total liabilities | CN¥600.20m |
| Total assets | CN¥1.44b |
Recent financial health updates
Here's Why Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Has A Meaningful Debt Burden
Oct 14
Does Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Have A Healthy Balance Sheet?
Mar 19Recent updates
Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) Stock Rockets 33% As Investors Are Less Pessimistic Than Expected
Nov 11Here's Why Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Has A Meaningful Debt Burden
Oct 14Revenues Not Telling The Story For Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) After Shares Rise 49%
Sep 26Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Might Be Having Difficulty Using Its Capital Effectively
Aug 27Shanghai Sunglow Packaging Technology Co.,Ltd's (SHSE:603499) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jul 05Weak Statutory Earnings May Not Tell The Whole Story For Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499)
May 02Subdued Growth No Barrier To Shanghai Sunglow Packaging Technology Co.,Ltd (SHSE:603499) With Shares Advancing 88%
Mar 30Does Shanghai Sunglow Packaging TechnologyLtd (SHSE:603499) Have A Healthy Balance Sheet?
Mar 19Here's What's Concerning About Shanghai Sunglow Packaging TechnologyLtd's (SHSE:603499) Returns On Capital
Feb 28Financial Position Analysis
Short Term Liabilities: 603499's short term assets (CN¥542.9M) exceed its short term liabilities (CN¥422.8M).
Long Term Liabilities: 603499's short term assets (CN¥542.9M) exceed its long term liabilities (CN¥177.4M).
Debt to Equity History and Analysis
Debt Level: 603499's net debt to equity ratio (22.6%) is considered satisfactory.
Reducing Debt: 603499's debt to equity ratio has increased from 0% to 35.4% over the past 5 years.
Debt Coverage: 603499's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 603499's interest payments on its debt are well covered by EBIT (4.2x coverage).