Shanghai Yongguan Adhesive Products Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Yongguan Adhesive Products has a total shareholder equity of CN¥2.5B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 123.5%. Its total assets and total liabilities are CN¥6.4B and CN¥3.9B respectively. Shanghai Yongguan Adhesive Products's EBIT is CN¥205.4M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥1.4B.
Key information
123.5%
Debt to equity ratio
CN¥3.06b
Debt
Interest coverage ratio | 4.3x |
Cash | CN¥1.38b |
Equity | CN¥2.48b |
Total liabilities | CN¥3.93b |
Total assets | CN¥6.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603681's short term assets (CN¥3.4B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 603681's short term assets (CN¥3.4B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 603681's net debt to equity ratio (67.9%) is considered high.
Reducing Debt: 603681's debt to equity ratio has increased from 8.1% to 123.5% over the past 5 years.
Debt Coverage: 603681's debt is not well covered by operating cash flow (12.6%).
Interest Coverage: 603681's interest payments on its debt are well covered by EBIT (4.3x coverage).