Shanghai ShimaoLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai ShimaoLtd has a total shareholder equity of CN¥17.5B and total debt of CN¥26.8B, which brings its debt-to-equity ratio to 153.3%. Its total assets and total liabilities are CN¥108.8B and CN¥91.4B respectively. Shanghai ShimaoLtd's EBIT is CN¥990.7M making its interest coverage ratio 5.1. It has cash and short-term investments of CN¥2.3B.
Key information
153.3%
Debt to equity ratio
CN¥26.75b
Debt
| Interest coverage ratio | 5.1x |
| Cash | CN¥2.27b |
| Equity | CN¥17.45b |
| Total liabilities | CN¥91.37b |
| Total assets | CN¥108.82b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600823's short term assets (CN¥55.5B) do not cover its short term liabilities (CN¥60.1B).
Long Term Liabilities: 600823's short term assets (CN¥55.5B) exceed its long term liabilities (CN¥31.3B).
Debt to Equity History and Analysis
Debt Level: 600823's net debt to equity ratio (140.3%) is considered high.
Reducing Debt: 600823's debt to equity ratio has increased from 49.9% to 153.3% over the past 5 years.
Debt Coverage: 600823's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600823's interest payments on its debt are well covered by EBIT (5.1x coverage).