Shanghai Sunglow Packaging TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Sunglow Packaging TechnologyLtd has a total shareholder equity of CN¥716.9M and total debt of CN¥267.8M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥1.2B and CN¥514.6M respectively. Shanghai Sunglow Packaging TechnologyLtd's EBIT is CN¥26.7M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥94.6M.
Key information
37.4%
Debt to equity ratio
CN¥267.78m
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥94.58m |
| Equity | CN¥716.94m |
| Total liabilities | CN¥514.61m |
| Total assets | CN¥1.23b |
Recent financial health updates
Recent updates
Shanghai Sunglow Packaging Technology Co.,Ltd's (SHSE:603499) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jul 05
Weak 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¥517.2M) exceed its short term liabilities (CN¥336.1M).
Long Term Liabilities: 603499's short term assets (CN¥517.2M) exceed its long term liabilities (CN¥178.5M).
Debt to Equity History and Analysis
Debt Level: 603499's net debt to equity ratio (24.2%) is considered satisfactory.
Reducing Debt: 603499's debt to equity ratio has increased from 0% to 37.4% over the past 5 years.
Debt Coverage: 603499's debt is well covered by operating cash flow (28.9%).
Interest Coverage: 603499's interest payments on its debt are not well covered by EBIT (1.5x coverage).