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 109.9%. Its total assets and total liabilities are CN¥21.6B and CN¥13.4B respectively. Shanghai Shibei Hi-TechLtd's EBIT is CN¥19.9M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥872.3M.
Key information
109.9%
Debt to equity ratio
CN¥8.96b
Debt
| Interest coverage ratio | 0.07x |
| Cash | CN¥872.35m |
| Equity | CN¥8.15b |
| Total liabilities | CN¥13.45b |
| Total assets | CN¥21.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600604's short term assets (CN¥10.9B) exceed its short term liabilities (CN¥7.2B).
Long Term Liabilities: 600604's short term assets (CN¥10.9B) exceed its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 600604's net debt to equity ratio (99.2%) is considered high.
Reducing Debt: 600604's debt to equity ratio has reduced from 114.3% to 109.9% 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 (0.1x coverage).