Chongqing Shunbo AluminumLtd Balance Sheet Health
Financial Health criteria checks 2/6
Chongqing Shunbo AluminumLtd has a total shareholder equity of CN¥3.3B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 143%. Its total assets and total liabilities are CN¥8.7B and CN¥5.4B respectively. Chongqing Shunbo AluminumLtd's EBIT is CN¥223.1M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥1.6B.
Key information
143.0%
Debt to equity ratio
CN¥4.69b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥1.64b |
Equity | CN¥3.28b |
Total liabilities | CN¥5.38b |
Total assets | CN¥8.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002996's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 002996's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002996's net debt to equity ratio (92.9%) is considered high.
Reducing Debt: 002996's debt to equity ratio has increased from 36.4% to 143% over the past 5 years.
Debt Coverage: 002996's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002996's interest payments on its debt are not well covered by EBIT (2.7x coverage).