Shanghai Titan Scientific Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Titan Scientific has a total shareholder equity of CN¥2.9B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are CN¥4.6B and CN¥1.7B respectively. Shanghai Titan Scientific's EBIT is CN¥60.0M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥951.7M.
Key information
43.9%
Debt to equity ratio
CN¥1.25b
Debt
Interest coverage ratio | 3.3x |
Cash | CN¥951.73m |
Equity | CN¥2.85b |
Total liabilities | CN¥1.73b |
Total assets | CN¥4.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688133's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688133's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥410.7M).
Debt to Equity History and Analysis
Debt Level: 688133's net debt to equity ratio (10.6%) is considered satisfactory.
Reducing Debt: 688133's debt to equity ratio has increased from 31.3% to 43.9% over the past 5 years.
Debt Coverage: 688133's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688133's interest payments on its debt are well covered by EBIT (3.3x coverage).