Shanghai Haixin Group Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Haixin Group has a total shareholder equity of CN¥4.5B and total debt of CN¥35.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are CN¥5.4B and CN¥861.0M respectively. Shanghai Haixin Group's EBIT is CN¥49.7M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥717.4M.
Key information
0.8%
Debt to equity ratio
CN¥35.01m
Debt
| Interest coverage ratio | -0.3x |
| Cash | CN¥717.42m |
| Equity | CN¥4.54b |
| Total liabilities | CN¥860.99m |
| Total assets | CN¥5.40b |
Recent financial health updates
Recent updates
Earnings Not Telling The Story For Shanghai Haixin Group Co., Ltd. (SHSE:600851) After Shares Rise 26%
Oct 01
Shanghai Haixin Group's (SHSE:600851) Profits May Not Reveal Underlying Issues
Aug 30Shanghai Haixin Group (SHSE:600851) Has A Pretty Healthy Balance Sheet
Aug 22Shanghai Haixin Group Co., Ltd. (SHSE:600851) Investors Are Less Pessimistic Than Expected
Aug 01Financial Position Analysis
Short Term Liabilities: 600851's short term assets (CN¥992.8M) exceed its short term liabilities (CN¥304.0M).
Long Term Liabilities: 600851's short term assets (CN¥992.8M) exceed its long term liabilities (CN¥557.0M).
Debt to Equity History and Analysis
Debt Level: 600851 has more cash than its total debt.
Reducing Debt: 600851's debt to equity ratio has reduced from 3% to 0.8% over the past 5 years.
Debt Coverage: 600851's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600851 earns more interest than it pays, so coverage of interest payments is not a concern.