Shanghai Tongda Venture Capital Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Tongda Venture Capital has a total shareholder equity of CN¥557.6M and total debt of CN¥33.3M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CN¥1.1B and CN¥564.4M respectively. Shanghai Tongda Venture Capital's EBIT is CN¥3.9M making its interest coverage ratio -73.4. It has cash and short-term investments of CN¥345.6M.
Key information
6.0%
Debt to equity ratio
CN¥33.28m
Debt
Interest coverage ratio | -73.4x |
Cash | CN¥345.60m |
Equity | CN¥557.61m |
Total liabilities | CN¥564.39m |
Total assets | CN¥1.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600647's short term assets (CN¥774.5M) exceed its short term liabilities (CN¥546.0M).
Long Term Liabilities: 600647's short term assets (CN¥774.5M) exceed its long term liabilities (CN¥18.4M).
Debt to Equity History and Analysis
Debt Level: 600647 has more cash than its total debt.
Reducing Debt: 600647's debt to equity ratio has increased from 0% to 6% over the past 5 years.
Debt Coverage: 600647's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600647 earns more interest than it pays, so coverage of interest payments is not a concern.