Shanghai Smith Adhesive New MaterialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Smith Adhesive New MaterialLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥687.6M, which brings its debt-to-equity ratio to 51.5%. Its total assets and total liabilities are CN¥2.5B and CN¥1.2B respectively. Shanghai Smith Adhesive New MaterialLtd's EBIT is CN¥106.3M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥221.9M.
Key information
51.5%
Debt to equity ratio
CN¥687.64m
Debt
| Interest coverage ratio | 6.1x |
| Cash | CN¥221.88m |
| Equity | CN¥1.33b |
| Total liabilities | CN¥1.16b |
| Total assets | CN¥2.49b |
Recent financial health updates
No updates
Recent updates
Shanghai Smith Adhesive New Material Co.,Ltd's (SHSE:603683) Prospects Need A Boost To Lift Shares
Sep 30
Shanghai Smith Adhesive New Material Co.,Ltd (SHSE:603683) Stock Rockets 33% As Investors Are Less Pessimistic Than Expected
May 21Shanghai Smith Adhesive New MaterialLtd's (SHSE:603683) Earnings Are Weaker Than They Seem
May 06Shanghai Smith Adhesive New MaterialLtd's (SHSE:603683) Returns On Capital Are Heading Higher
Apr 05What Shanghai Smith Adhesive New Material Co.,Ltd's (SHSE:603683) 32% Share Price Gain Is Not Telling You
Mar 09Financial Position Analysis
Short Term Liabilities: 603683's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥792.4M).
Long Term Liabilities: 603683's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥363.5M).
Debt to Equity History and Analysis
Debt Level: 603683's net debt to equity ratio (34.9%) is considered satisfactory.
Reducing Debt: 603683's debt to equity ratio has increased from 43.7% to 51.5% over the past 5 years.
Debt Coverage: 603683's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 603683's interest payments on its debt are well covered by EBIT (6.1x coverage).