Shanghai Zhongzhou Special Alloy Materials Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Zhongzhou Special Alloy Materials has a total shareholder equity of CN¥1.0B and total debt of CN¥188.0M, which brings its debt-to-equity ratio to 18.7%. Its total assets and total liabilities are CN¥1.7B and CN¥724.7M respectively. Shanghai Zhongzhou Special Alloy Materials's EBIT is CN¥78.8M making its interest coverage ratio 137.6. It has cash and short-term investments of CN¥78.4M.
Key information
18.7%
Debt to equity ratio
CN¥187.99m
Debt
| Interest coverage ratio | 137.6x |
| Cash | CN¥78.39m |
| Equity | CN¥1.01b |
| Total liabilities | CN¥724.66m |
| Total assets | CN¥1.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300963's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥648.6M).
Long Term Liabilities: 300963's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥76.1M).
Debt to Equity History and Analysis
Debt Level: 300963's net debt to equity ratio (10.9%) is considered satisfactory.
Reducing Debt: 300963's debt to equity ratio has reduced from 30.1% to 18.7% over the past 5 years.
Debt Coverage: 300963's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300963's interest payments on its debt are well covered by EBIT (137.6x coverage).