Shanghai Pret Composites Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Pret Composites has a total shareholder equity of CN¥4.7B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are CN¥11.4B and CN¥6.6B respectively. Shanghai Pret Composites's EBIT is CN¥416.9M making its interest coverage ratio 4.9. It has cash and short-term investments of CN¥1.1B.
Key information
85.2%
Debt to equity ratio
CN¥4.03b
Debt
| Interest coverage ratio | 4.9x |
| Cash | CN¥1.05b |
| Equity | CN¥4.73b |
| Total liabilities | CN¥6.63b |
| Total assets | CN¥11.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002324's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 002324's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002324's net debt to equity ratio (63%) is considered high.
Reducing Debt: 002324's debt to equity ratio has increased from 32.9% to 85.2% over the past 5 years.
Debt Coverage: 002324's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: 002324's interest payments on its debt are well covered by EBIT (4.9x coverage).