Shanghai Yongguan Adhesive Products Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Yongguan Adhesive Products has a total shareholder equity of CN¥2.5B and total debt of CN¥3.2B, which brings its debt-to-equity ratio to 125.2%. Its total assets and total liabilities are CN¥6.6B and CN¥4.1B respectively. Shanghai Yongguan Adhesive Products's EBIT is CN¥126.7M making its interest coverage ratio 2.9. It has cash and short-term investments of CN¥1.2B.
Key information
125.2%
Debt to equity ratio
CN¥3.15b
Debt
| Interest coverage ratio | 2.9x |
| Cash | CN¥1.22b |
| Equity | CN¥2.52b |
| Total liabilities | CN¥4.08b |
| Total assets | CN¥6.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603681's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 603681's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 603681's net debt to equity ratio (76.7%) is considered high.
Reducing Debt: 603681's debt to equity ratio has increased from 10.3% to 125.2% over the past 5 years.
Debt Coverage: 603681's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 603681's interest payments on its debt are not well covered by EBIT (2.9x coverage).