Shanghai Industrial DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Industrial DevelopmentLtd has a total shareholder equity of CN¥11.1B and total debt of CN¥14.6B, which brings its debt-to-equity ratio to 130.7%. Its total assets and total liabilities are CN¥30.8B and CN¥19.7B respectively. Shanghai Industrial DevelopmentLtd's EBIT is CN¥891.5M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥3.8B.
Key information
130.7%
Debt to equity ratio
CN¥14.57b
Debt
| Interest coverage ratio | 2.8x |
| Cash | CN¥3.85b |
| Equity | CN¥11.15b |
| Total liabilities | CN¥19.67b |
| Total assets | CN¥30.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600748's short term assets (CN¥18.7B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 600748's short term assets (CN¥18.7B) exceed its long term liabilities (CN¥12.6B).
Debt to Equity History and Analysis
Debt Level: 600748's net debt to equity ratio (96.2%) is considered high.
Reducing Debt: 600748's debt to equity ratio has increased from 124% to 130.7% over the past 5 years.
Debt Coverage: 600748's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600748's interest payments on its debt are not well covered by EBIT (2.8x coverage).