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¥4.3B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 62.6%. Its total assets and total liabilities are CN¥9.4B and CN¥5.1B respectively.
Key information
62.6%
Debt to equity ratio
CN¥2.71b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.55b |
| Equity | CN¥4.32b |
| Total liabilities | CN¥5.10b |
| Total assets | CN¥9.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603026's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 603026's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603026's net debt to equity ratio (26.8%) is considered satisfactory.
Reducing Debt: 603026's debt to equity ratio has increased from 18.1% to 62.6% 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.