Shandong Hi-tech Spring Material Technology Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Hi-tech Spring Material Technology has a total shareholder equity of CN¥3.0B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are CN¥7.8B and CN¥4.8B respectively.
Key information
103.5%
Debt to equity ratio
CN¥3.13b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.74b |
| Equity | CN¥3.02b |
| Total liabilities | CN¥4.83b |
| Total assets | CN¥7.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301292's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥3.7B).
Long Term Liabilities: 301292's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 301292's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: 301292's debt to equity ratio has increased from 5.8% to 103.5% over the past 5 years.
Debt Coverage: 301292's debt is not well covered by operating cash flow (0.7%).
Interest Coverage: Insufficient data to determine if 301292's interest payments on its debt are well covered by EBIT.