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¥116.3M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CN¥2.8B and CN¥709.5M respectively. Shanghai Shunho New Materials TechnologyLtd's EBIT is CN¥69.1M making its interest coverage ratio -11.3. It has cash and short-term investments of CN¥744.6M.
Key information
5.6%
Debt to equity ratio
CN¥116.27m
Debt
Interest coverage ratio | -11.3x |
Cash | CN¥744.56m |
Equity | CN¥2.09b |
Total liabilities | CN¥709.49m |
Total assets | CN¥2.80b |
Recent financial health updates
No updates
Recent updates
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¥594.4M).
Long Term Liabilities: 002565's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥115.1M).
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 28.3% to 5.6% over the past 5 years.
Debt Coverage: 002565's debt is well covered by operating cash flow (106.6%).
Interest Coverage: 002565 earns more interest than it pays, so coverage of interest payments is not a concern.