Shanghai GuijiuLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai GuijiuLtd has a total shareholder equity of CN¥850.6M and total debt of CN¥291.1M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are CN¥2.2B and CN¥1.4B respectively. Shanghai GuijiuLtd's EBIT is CN¥105.9M making its interest coverage ratio 7.4. It has cash and short-term investments of CN¥30.5M.
Key information
34.2%
Debt to equity ratio
CN¥291.14m
Debt
Interest coverage ratio | 7.4x |
Cash | CN¥30.46m |
Equity | CN¥850.63m |
Total liabilities | CN¥1.37b |
Total assets | CN¥2.22b |
Financial Position Analysis
Short Term Liabilities: 600696's short term assets (CN¥762.7M) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 600696's short term assets (CN¥762.7M) exceed its long term liabilities (CN¥33.3M).
Debt to Equity History and Analysis
Debt Level: 600696's net debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: 600696's debt to equity ratio has increased from 0% to 34.2% over the past 5 years.
Debt Coverage: 600696's debt is well covered by operating cash flow (61.5%).
Interest Coverage: 600696's interest payments on its debt are well covered by EBIT (7.4x coverage).