Shengda ResourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shengda ResourcesLtd has a total shareholder equity of CN¥3.8B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 32.2%. Its total assets and total liabilities are CN¥6.4B and CN¥2.6B respectively. Shengda ResourcesLtd's EBIT is CN¥259.1M making its interest coverage ratio 27.8. It has cash and short-term investments of CN¥818.7M.
Key information
32.2%
Debt to equity ratio
CN¥1.24b
Debt
Interest coverage ratio | 27.8x |
Cash | CN¥818.70m |
Equity | CN¥3.84b |
Total liabilities | CN¥2.61b |
Total assets | CN¥6.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000603's short term assets (CN¥1.8B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 000603's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥771.0M).
Debt to Equity History and Analysis
Debt Level: 000603's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: 000603's debt to equity ratio has reduced from 42.1% to 32.2% over the past 5 years.
Debt Coverage: 000603's debt is well covered by operating cash flow (41.5%).
Interest Coverage: 000603's interest payments on its debt are well covered by EBIT (27.8x coverage).