Suzhou New District Hi-Tech IndustrialLtd Balance Sheet Health
Financial Health criteria checks 2/6
Suzhou New District Hi-Tech IndustrialLtd has a total shareholder equity of CN¥18.6B and total debt of CN¥40.6B, which brings its debt-to-equity ratio to 218.3%. Its total assets and total liabilities are CN¥74.0B and CN¥55.4B respectively. Suzhou New District Hi-Tech IndustrialLtd's EBIT is CN¥289.2M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥4.9B.
Key information
218.3%
Debt to equity ratio
CN¥40.63b
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥4.91b |
| Equity | CN¥18.61b |
| Total liabilities | CN¥55.36b |
| Total assets | CN¥73.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600736's short term assets (CN¥49.9B) exceed its short term liabilities (CN¥20.4B).
Long Term Liabilities: 600736's short term assets (CN¥49.9B) exceed its long term liabilities (CN¥35.0B).
Debt to Equity History and Analysis
Debt Level: 600736's net debt to equity ratio (191.9%) is considered high.
Reducing Debt: 600736's debt to equity ratio has increased from 85.1% to 218.3% over the past 5 years.
Debt Coverage: 600736's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600736's interest payments on its debt are not well covered by EBIT (0.7x coverage).