Shengyi TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shengyi TechnologyLtd has a total shareholder equity of CN¥16.1B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are CN¥25.0B and CN¥8.9B respectively. Shengyi TechnologyLtd's EBIT is CN¥1.4B making its interest coverage ratio 22.6. It has cash and short-term investments of CN¥2.1B.
Key information
20.7%
Debt to equity ratio
CN¥3.33b
Debt
Interest coverage ratio | 22.6x |
Cash | CN¥2.11b |
Equity | CN¥16.12b |
Total liabilities | CN¥8.89b |
Total assets | CN¥25.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600183's short term assets (CN¥14.0B) exceed its short term liabilities (CN¥7.4B).
Long Term Liabilities: 600183's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 600183's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 600183's debt to equity ratio has reduced from 55.2% to 20.7% over the past 5 years.
Debt Coverage: 600183's debt is well covered by operating cash flow (66.6%).
Interest Coverage: 600183's interest payments on its debt are well covered by EBIT (22.6x coverage).