Shanghai New World Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai New World has a total shareholder equity of CN¥4.2B and total debt of CN¥593.0M, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are CN¥5.7B and CN¥1.5B respectively. Shanghai New World's EBIT is CN¥92.7M making its interest coverage ratio -5.5. It has cash and short-term investments of CN¥2.0B.
Key information
14.2%
Debt to equity ratio
CN¥593.00m
Debt
Interest coverage ratio | -5.5x |
Cash | CN¥1.99b |
Equity | CN¥4.18b |
Total liabilities | CN¥1.50b |
Total assets | CN¥5.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600628's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 600628's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥24.7M).
Debt to Equity History and Analysis
Debt Level: 600628 has more cash than its total debt.
Reducing Debt: 600628's debt to equity ratio has increased from 6.8% to 14.2% over the past 5 years.
Debt Coverage: 600628's debt is well covered by operating cash flow (50.9%).
Interest Coverage: 600628 earns more interest than it pays, so coverage of interest payments is not a concern.