Shanghai Industrial DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Industrial DevelopmentLtd has a total shareholder equity of CN¥11.0B and total debt of CN¥13.1B, which brings its debt-to-equity ratio to 120%. Its total assets and total liabilities are CN¥29.5B and CN¥18.6B respectively. Shanghai Industrial DevelopmentLtd's EBIT is CN¥486.8M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥2.8B.
Key information
120.0%
Debt to equity ratio
CN¥13.14b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥2.81b |
| Equity | CN¥10.95b |
| Total liabilities | CN¥18.58b |
| Total assets | CN¥29.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600748's short term assets (CN¥17.5B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 600748's short term assets (CN¥17.5B) exceed its long term liabilities (CN¥11.6B).
Debt to Equity History and Analysis
Debt Level: 600748's net debt to equity ratio (94.3%) is considered high.
Reducing Debt: 600748's debt to equity ratio has reduced from 126.6% to 120% over the past 5 years.
Debt Coverage: 600748's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600748's interest payments on its debt are not well covered by EBIT (1.7x coverage).