Shanghai Shunho New Materials TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Shunho New Materials TechnologyLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥111.9M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥2.8B and CN¥674.5M respectively. Shanghai Shunho New Materials TechnologyLtd's EBIT is CN¥106.8M making its interest coverage ratio -16. It has cash and short-term investments of CN¥767.8M.
Key information
5.3%
Debt to equity ratio
CN¥111.92m
Debt
| Interest coverage ratio | -16x |
| Cash | CN¥767.81m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥674.52m |
| Total assets | CN¥2.78b |
Recent financial health updates
No updates
Recent updates
There's Reason For Concern Over Shanghai Shunho New Materials Technology Co.,Ltd.'s (SZSE:002565) Massive 27% Price Jump
Nov 06
Shanghai Shunho New Materials TechnologyLtd's (SZSE:002565) Returns Have Hit A Wall
Jun 07Statutory Profit Doesn't Reflect How Good Shanghai Shunho New Materials TechnologyLtd's (SZSE:002565) Earnings Are
May 06Optimistic Investors Push Shanghai Shunho New Materials Technology Co.,Ltd. (SZSE:002565) Shares Up 27% But Growth Is Lacking
Mar 07Financial Position Analysis
Short Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥555.9M).
Long Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥118.7M).
Debt to Equity History and Analysis
Debt Level: 002565 has more cash than its total debt.
Reducing Debt: 002565's debt to equity ratio has reduced from 21% to 5.3% over the past 5 years.
Debt Coverage: 002565's debt is well covered by operating cash flow (221.1%).
Interest Coverage: 002565 earns more interest than it pays, so coverage of interest payments is not a concern.