Shanghai Baosteel Packaging Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Baosteel Packaging has a total shareholder equity of CN¥4.0B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥8.9B and CN¥5.0B respectively. Shanghai Baosteel Packaging's EBIT is CN¥308.7M making its interest coverage ratio 24.9. It has cash and short-term investments of CN¥640.6M.
Key information
29.0%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | 24.9x |
| Cash | CN¥640.59m |
| Equity | CN¥3.98b |
| Total liabilities | CN¥4.96b |
| Total assets | CN¥8.94b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601968's short term assets (CN¥3.6B) do not cover its short term liabilities (CN¥4.4B).
Long Term Liabilities: 601968's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥551.7M).
Debt to Equity History and Analysis
Debt Level: 601968's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: 601968's debt to equity ratio has increased from 19.5% to 29% over the past 5 years.
Debt Coverage: 601968's debt is well covered by operating cash flow (49.2%).
Interest Coverage: 601968's interest payments on its debt are well covered by EBIT (24.9x coverage).