Shanghai Lujiazui Finance & Trade Zone DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Lujiazui Finance & Trade Zone DevelopmentLtd has a total shareholder equity of CN¥47.4B and total debt of CN¥67.7B, which brings its debt-to-equity ratio to 142.7%. Its total assets and total liabilities are CN¥155.5B and CN¥108.1B respectively. Shanghai Lujiazui Finance & Trade Zone DevelopmentLtd's EBIT is CN¥2.6B making its interest coverage ratio -107. It has cash and short-term investments of CN¥8.3B.
Key information
142.7%
Debt to equity ratio
CN¥67.70b
Debt
Interest coverage ratio | -107x |
Cash | CN¥8.30b |
Equity | CN¥47.45b |
Total liabilities | CN¥108.07b |
Total assets | CN¥155.52b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600663's short term assets (CN¥80.2B) exceed its short term liabilities (CN¥75.3B).
Long Term Liabilities: 600663's short term assets (CN¥80.2B) exceed its long term liabilities (CN¥32.8B).
Debt to Equity History and Analysis
Debt Level: 600663's net debt to equity ratio (125.2%) is considered high.
Reducing Debt: 600663's debt to equity ratio has increased from 129.9% to 142.7% over the past 5 years.
Debt Coverage: 600663's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 600663 earns more interest than it pays, so coverage of interest payments is not a concern.