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
Shanghai Haixin Group Co., Ltd.'s (SHSE:600851) 26% Share Price Surge Not Quite Adding Up
Dec 15
Earnings Not Telling The Story For Shanghai Haixin Group Co., Ltd. (SHSE:600851) After Shares Rise 26%
Oct 01Shanghai 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 23:40 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shanghai Haixin Group Co., Ltd. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Guoxian Ju | First Capital Securities Co. LTD. |
| Jun Ling | Ping An Securities Co. Ltd. |
| Aarti Pathak | Virtua Research Inc. |