Shanghai Putailai New Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Putailai New Energy TechnologyLtd has a total shareholder equity of CN¥19.3B and total debt of CN¥10.1B, which brings its debt-to-equity ratio to 52.2%. Its total assets and total liabilities are CN¥41.9B and CN¥22.6B respectively. Shanghai Putailai New Energy TechnologyLtd's EBIT is CN¥1.9B making its interest coverage ratio 44.4. It has cash and short-term investments of CN¥8.3B.
Key information
52.2%
Debt to equity ratio
CN¥10.06b
Debt
Interest coverage ratio | 44.4x |
Cash | CN¥8.28b |
Equity | CN¥19.26b |
Total liabilities | CN¥22.62b |
Total assets | CN¥41.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603659's short term assets (CN¥25.6B) exceed its short term liabilities (CN¥17.5B).
Long Term Liabilities: 603659's short term assets (CN¥25.6B) exceed its long term liabilities (CN¥5.1B).
Debt to Equity History and Analysis
Debt Level: 603659's net debt to equity ratio (9.2%) is considered satisfactory.
Reducing Debt: 603659's debt to equity ratio has increased from 39.3% to 52.2% over the past 5 years.
Debt Coverage: 603659's debt is not well covered by operating cash flow (2.5%).
Interest Coverage: 603659's interest payments on its debt are well covered by EBIT (44.4x coverage).