Shanghai Haixin Group Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Haixin Group has a total shareholder equity of CN¥4.1B and total debt of CN¥37.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥4.9B and CN¥766.8M respectively. Shanghai Haixin Group's EBIT is CN¥48.2M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥762.8M.
Key information
0.9%
Debt to equity ratio
CN¥37.01m
Debt
Interest coverage ratio | -0.3x |
Cash | CN¥762.82m |
Equity | CN¥4.12b |
Total liabilities | CN¥766.82m |
Total assets | CN¥4.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600851's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥337.5M).
Long Term Liabilities: 600851's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥429.3M).
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 3.9% to 0.9% over the past 5 years.
Debt Coverage: 600851's debt is not well covered by operating cash flow (11.6%).
Interest Coverage: 600851 earns more interest than it pays, so coverage of interest payments is not a concern.