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¥112.1M, which brings its debt-to-equity ratio to 5.4%. Its total assets and total liabilities are CN¥2.7B and CN¥663.6M respectively. Shanghai Shunho New Materials TechnologyLtd's EBIT is CN¥89.2M making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥741.4M.
Key information
5.4%
Debt to equity ratio
CN¥112.11m
Debt
| Interest coverage ratio | -11.6x |
| Cash | CN¥741.44m |
| Equity | CN¥2.07b |
| Total liabilities | CN¥663.57m |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Recent updates
Shanghai Shunho New Materials TechnologyLtd's (SZSE:002565) Returns Have Hit A Wall
Jun 07
Statutory 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¥543.9M).
Long Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥119.7M).
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 25.6% to 5.4% over the past 5 years.
Debt Coverage: 002565's debt is well covered by operating cash flow (108.9%).
Interest Coverage: 002565 earns more interest than it pays, so coverage of interest payments is not a concern.