Shanghai GuijiuLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai GuijiuLtd has a total shareholder equity of CN¥909.1M and total debt of CN¥601.0M, which brings its debt-to-equity ratio to 66.1%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Shanghai GuijiuLtd's EBIT is CN¥246.9M making its interest coverage ratio 14. It has cash and short-term investments of CN¥241.1M.
Key information
66.1%
Debt to equity ratio
CN¥601.00m
Debt
Interest coverage ratio | 14x |
Cash | CN¥241.08m |
Equity | CN¥909.12m |
Total liabilities | CN¥1.28b |
Total assets | CN¥2.19b |
Financial Position Analysis
Short Term Liabilities: 600696's short term assets (CN¥1.0B) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 600696's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥28.2M).
Debt to Equity History and Analysis
Debt Level: 600696's net debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: 600696's debt to equity ratio has increased from 0% to 66.1% over the past 5 years.
Debt Coverage: 600696's debt is well covered by operating cash flow (78%).
Interest Coverage: 600696's interest payments on its debt are well covered by EBIT (14x coverage).