Shanghai Shenda Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Shenda has a total shareholder equity of CN¥3.5B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 101.2%. Its total assets and total liabilities are CN¥10.6B and CN¥7.1B respectively. Shanghai Shenda's EBIT is CN¥194.9M making its interest coverage ratio 102.7. It has cash and short-term investments of CN¥2.2B.
Key information
101.2%
Debt to equity ratio
CN¥3.54b
Debt
| Interest coverage ratio | 102.7x |
| Cash | CN¥2.21b |
| Equity | CN¥3.50b |
| Total liabilities | CN¥7.14b |
| Total assets | CN¥10.63b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600626's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥4.2B).
Long Term Liabilities: 600626's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 600626's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 600626's debt to equity ratio has increased from 74.5% to 101.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 600626 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 600626 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 4.6% per year.