Shengda ResourcesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shengda ResourcesLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are CN¥6.9B and CN¥2.9B respectively. Shengda ResourcesLtd's EBIT is CN¥387.4M making its interest coverage ratio 16.1. It has cash and short-term investments of CN¥1.2B.
Key information
26.6%
Debt to equity ratio
CN¥1.07b
Debt
| Interest coverage ratio | 16.1x |
| Cash | CN¥1.18b |
| Equity | CN¥4.04b |
| Total liabilities | CN¥2.86b |
| Total assets | CN¥6.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000603's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥2.1B).
Long Term Liabilities: 000603's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥778.1M).
Debt to Equity History and Analysis
Debt Level: 000603 has more cash than its total debt.
Reducing Debt: 000603's debt to equity ratio has reduced from 38.6% to 26.6% over the past 5 years.
Debt Coverage: 000603's debt is well covered by operating cash flow (66.2%).
Interest Coverage: 000603's interest payments on its debt are well covered by EBIT (16.1x coverage).