Shanghai Lingang HoldingsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Lingang HoldingsLtd has a total shareholder equity of CN¥32.6B and total debt of CN¥30.3B, which brings its debt-to-equity ratio to 92.7%. Its total assets and total liabilities are CN¥83.6B and CN¥51.0B respectively. Shanghai Lingang HoldingsLtd's EBIT is CN¥2.5B making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥7.0B.
Key information
92.7%
Debt to equity ratio
CN¥30.26b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥7.00b |
| Equity | CN¥32.63b |
| Total liabilities | CN¥50.98b |
| Total assets | CN¥83.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600848's short term assets (CN¥52.0B) exceed its short term liabilities (CN¥26.9B).
Long Term Liabilities: 600848's short term assets (CN¥52.0B) exceed its long term liabilities (CN¥24.0B).
Debt to Equity History and Analysis
Debt Level: 600848's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: 600848's debt to equity ratio has increased from 64.9% to 92.7% over the past 5 years.
Debt Coverage: 600848's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600848's interest payments on its debt are well covered by EBIT (5.4x coverage).