Universal Scientific Industrial (Shanghai) Balance Sheet Health
Financial Health criteria checks 5/6
Universal Scientific Industrial (Shanghai) has a total shareholder equity of CN¥16.3B and total debt of CN¥8.9B, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are CN¥40.0B and CN¥23.7B respectively. Universal Scientific Industrial (Shanghai)'s EBIT is CN¥2.2B making its interest coverage ratio 390.2. It has cash and short-term investments of CN¥10.1B.
Key information
54.6%
Debt to equity ratio
CN¥8.92b
Debt
Interest coverage ratio | 390.2x |
Cash | CN¥10.05b |
Equity | CN¥16.33b |
Total liabilities | CN¥23.66b |
Total assets | CN¥39.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601231's short term assets (CN¥32.1B) exceed its short term liabilities (CN¥22.9B).
Long Term Liabilities: 601231's short term assets (CN¥32.1B) exceed its long term liabilities (CN¥716.7M).
Debt to Equity History and Analysis
Debt Level: 601231 has more cash than its total debt.
Reducing Debt: 601231's debt to equity ratio has increased from 15.6% to 54.6% over the past 5 years.
Debt Coverage: 601231's debt is well covered by operating cash flow (71.9%).
Interest Coverage: 601231's interest payments on its debt are well covered by EBIT (390.2x coverage).