Shanghai Shibei Hi-TechLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Shibei Hi-TechLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 109.3%. Its total assets and total liabilities are CN¥21.7B and CN¥13.5B respectively. Shanghai Shibei Hi-TechLtd's EBIT is CN¥52.5M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥855.1M.
Key information
109.3%
Debt to equity ratio
CN¥8.96b
Debt
| Interest coverage ratio | 0.2x |
| Cash | CN¥855.09m |
| Equity | CN¥8.19b |
| Total liabilities | CN¥13.48b |
| Total assets | CN¥21.67b |
Financial Position Analysis
Short Term Liabilities: 600604's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 600604's short term assets (CN¥11.0B) exceed its long term liabilities (CN¥6.4B).
Debt to Equity History and Analysis
Debt Level: 600604's net debt to equity ratio (98.9%) is considered high.
Reducing Debt: 600604's debt to equity ratio has reduced from 110.8% to 109.3% over the past 5 years.
Debt Coverage: 600604's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600604's interest payments on its debt are not well covered by EBIT (0.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 04:13 |
| End of Day Share Price | 2024/12/24 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 Shibei Hi-Tech 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 |
|---|---|
| Jun Liu | Changjiang Securities Co. LTD. |
| Jun Hong | Shenwan Hongyuan Securities |
| Hui Zhang | TX Investment Consulting Co., Ltd. |