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¥588.3M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are CN¥2.3B and CN¥955.0M respectively. Shanghai Smith Adhesive New MaterialLtd's EBIT is CN¥99.0M making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥319.0M.
Key information
45.3%
Debt to equity ratio
CN¥588.27m
Debt
Interest coverage ratio | 4.8x |
Cash | CN¥318.97m |
Equity | CN¥1.30b |
Total liabilities | CN¥954.99m |
Total assets | CN¥2.25b |
Recent financial health updates
No updates
Recent updates
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¥685.9M).
Long Term Liabilities: 603683's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥269.1M).
Debt to Equity History and Analysis
Debt Level: 603683's net debt to equity ratio (20.7%) is considered satisfactory.
Reducing Debt: 603683's debt to equity ratio has increased from 44.5% to 45.3% over the past 5 years.
Debt Coverage: 603683's debt is well covered by operating cash flow (25%).
Interest Coverage: 603683's interest payments on its debt are well covered by EBIT (4.8x coverage).