Shahe Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Shahe Industrial has a total shareholder equity of CN¥1.8B and total debt of CN¥3.9M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥2.4B and CN¥624.4M respectively. Shahe Industrial's EBIT is CN¥528.6M making its interest coverage ratio -69.9. It has cash and short-term investments of CN¥556.0M.
Key information
0.2%
Debt to equity ratio
CN¥3.88m
Debt
Interest coverage ratio | -69.9x |
Cash | CN¥555.98m |
Equity | CN¥1.76b |
Total liabilities | CN¥624.36m |
Total assets | CN¥2.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000014's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥605.2M).
Long Term Liabilities: 000014's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥19.1M).
Debt to Equity History and Analysis
Debt Level: 000014 has more cash than its total debt.
Reducing Debt: 000014's debt to equity ratio has reduced from 8.9% to 0.2% over the past 5 years.
Debt Coverage: 000014's debt is well covered by operating cash flow (1133.5%).
Interest Coverage: 000014 earns more interest than it pays, so coverage of interest payments is not a concern.