Shanghai Haixin Group Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Haixin Group has a total shareholder equity of CN¥4.1B and total debt of CN¥35.2M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥4.9B and CN¥817.8M respectively. Shanghai Haixin Group's EBIT is CN¥41.0M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥814.7M.
Key information
0.9%
Debt to equity ratio
CN¥35.19m
Debt
| Interest coverage ratio | -0.3x |
| Cash | CN¥814.70m |
| Equity | CN¥4.05b |
| Total liabilities | CN¥817.80m |
| Total assets | CN¥4.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 900917's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥409.1M).
Long Term Liabilities: 900917's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥408.7M).
Debt to Equity History and Analysis
Debt Level: 900917 has more cash than its total debt.
Reducing Debt: 900917's debt to equity ratio has reduced from 4.1% to 0.9% over the past 5 years.
Debt Coverage: 900917's debt is well covered by operating cash flow (76.8%).
Interest Coverage: 900917 earns more interest than it pays, so coverage of interest payments is not a concern.