Shanghai Shibei Hi-Tech Co.,Ltd.

XSSC:600604 Stock Report

Market Cap: CN¥7.3b

Shanghai Shibei Hi-TechLtd Balance Sheet Health

Financial Health criteria checks 3/6

Shanghai Shibei Hi-TechLtd has a total shareholder equity of CN¥8.2B and total debt of CN¥9.0B, which brings its debt-to-equity ratio to 109.3%. Its total assets and total liabilities are CN¥21.7B and CN¥13.5B respectively. Shanghai Shibei Hi-TechLtd's EBIT is CN¥52.5M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥855.1M.

Key information

109.3%

Debt to equity ratio

CN¥8.96b

Debt

Interest coverage ratio0.2x
CashCN¥855.09m
EquityCN¥8.19b
Total liabilitiesCN¥13.48b
Total assetsCN¥21.67b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 600604's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥7.1B).

Long Term Liabilities: 600604's short term assets (CN¥11.0B) exceed its long term liabilities (CN¥6.4B).


Debt to Equity History and Analysis

Debt Level: 600604's net debt to equity ratio (98.9%) is considered high.

Reducing Debt: 600604's debt to equity ratio has reduced from 110.8% to 109.3% over the past 5 years.

Debt Coverage: 600604's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 600604's interest payments on its debt are not well covered by EBIT (0.2x coverage).


Balance Sheet


Discover healthy companies