Shanghai Shibei Hi-TechLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Shibei Hi-TechLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥9.2B, which brings its debt-to-equity ratio to 112%. Its total assets and total liabilities are CN¥21.8B and CN¥13.5B respectively. Shanghai Shibei Hi-TechLtd's EBIT is CN¥77.3M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥1.1B.
Key information
112.0%
Debt to equity ratio
CN¥9.23b
Debt
Interest coverage ratio | 0.3x |
Cash | CN¥1.06b |
Equity | CN¥8.24b |
Total liabilities | CN¥13.55b |
Total assets | CN¥21.78b |
Financial Position Analysis
Short Term Liabilities: 600604's short term assets (CN¥10.9B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 600604's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥6.6B).
Debt to Equity History and Analysis
Debt Level: 600604's net debt to equity ratio (99.1%) is considered high.
Reducing Debt: 600604's debt to equity ratio has increased from 98.6% to 112% 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 (0.3x coverage).