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).