Shanghai New Huang Pu Industrial Group Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai New Huang Pu Industrial Group has a total shareholder equity of CN¥4.7B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 62.1%. Its total assets and total liabilities are CN¥20.5B and CN¥15.8B respectively. Shanghai New Huang Pu Industrial Group's EBIT is CN¥119.2M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥5.6B.
Key information
62.1%
Debt to equity ratio
CN¥2.93b
Debt
| Interest coverage ratio | 2.1x |
| Cash | CN¥5.57b |
| Equity | CN¥4.72b |
| Total liabilities | CN¥15.75b |
| Total assets | CN¥20.47b |
Financial Position Analysis
Short Term Liabilities: 600638's short term assets (CN¥14.2B) exceed its short term liabilities (CN¥11.5B).
Long Term Liabilities: 600638's short term assets (CN¥14.2B) exceed its long term liabilities (CN¥4.3B).
Debt to Equity History and Analysis
Debt Level: 600638 has more cash than its total debt.
Reducing Debt: 600638's debt to equity ratio has reduced from 86.2% to 62.1% over the past 5 years.
Debt Coverage: 600638's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600638's interest payments on its debt are not well covered by EBIT (2.1x coverage).