Shida Shinghwa Advanced Material Group Balance Sheet Health
Financial Health criteria checks 3/6
Shida Shinghwa Advanced Material Group has a total shareholder equity of CN¥4.4B and total debt of CN¥2.6B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are CN¥8.7B and CN¥4.3B respectively.
Key information
59.4%
Debt to equity ratio
CN¥2.60b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.25b |
| Equity | CN¥4.38b |
| Total liabilities | CN¥4.31b |
| Total assets | CN¥8.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603026's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 603026's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603026's net debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: 603026's debt to equity ratio has increased from 28.3% to 59.4% over the past 5 years.
Debt Coverage: 603026's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 603026's interest payments on its debt are well covered by EBIT.