Shanghai Suochen Information TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Suochen Information TechnologyLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥8.7M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥3.0B and CN¥124.4M respectively. Shanghai Suochen Information TechnologyLtd's EBIT is CN¥58.5M making its interest coverage ratio -1.9. It has cash and short-term investments of CN¥2.2B.
Key information
0.3%
Debt to equity ratio
CN¥8.65m
Debt
| Interest coverage ratio | -1.9x |
| Cash | CN¥2.16b |
| Equity | CN¥2.87b |
| Total liabilities | CN¥124.37m |
| Total assets | CN¥3.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688507's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥119.0M).
Long Term Liabilities: 688507's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥5.3M).
Debt to Equity History and Analysis
Debt Level: 688507 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688507's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688507's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688507 earns more interest than it pays, so coverage of interest payments is not a concern.