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¥5.8B, which brings its debt-to-equity ratio to 178.6%. Its total assets and total liabilities are CN¥10.2B and CN¥7.0B respectively. Chongqing Shunbo AluminumLtd's EBIT is CN¥246.0M making its interest coverage ratio 2.3. It has cash and short-term investments of CN¥3.8B.
Key information
178.6%
Debt to equity ratio
CN¥5.82b
Debt
| Interest coverage ratio | 2.3x |
| Cash | CN¥3.79b |
| Equity | CN¥3.26b |
| Total liabilities | CN¥6.96b |
| Total assets | CN¥10.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002996's short term assets (CN¥8.4B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 002996's short term assets (CN¥8.4B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 002996's net debt to equity ratio (62.3%) is considered high.
Reducing Debt: 002996's debt to equity ratio has increased from 35.6% to 178.6% 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 (2.3x coverage).