Shanghai Ace Investment&DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Ace Investment&DevelopmentLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥821.7M, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are CN¥3.0B and CN¥1.8B respectively. Shanghai Ace Investment&DevelopmentLtd's EBIT is CN¥25.3M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥735.2M.
Key information
64.2%
Debt to equity ratio
CN¥821.66m
Debt
| Interest coverage ratio | 1.5x |
| Cash | CN¥735.19m |
| Equity | CN¥1.28b |
| Total liabilities | CN¥1.76b |
| Total assets | CN¥3.04b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Issues Underlying Shanghai Ace Investment&DevelopmentLtd's (SHSE:603329) Earnings
Nov 04
Investors Can Find Comfort In Shanghai Ace Investment&DevelopmentLtd's (SHSE:603329) Earnings Quality
May 02Shanghai Ace Investment&Development Co.,Ltd's (SHSE:603329) Popularity With Investors Under Threat As Stock Sinks 28%
Feb 26Financial Position Analysis
Short Term Liabilities: 603329's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603329's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥570.4M).
Debt to Equity History and Analysis
Debt Level: 603329's net debt to equity ratio (6.8%) is considered satisfactory.
Reducing Debt: 603329's debt to equity ratio has increased from 17.4% to 64.2% over the past 5 years.
Debt Coverage: 603329's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603329's interest payments on its debt are not well covered by EBIT (1.5x coverage).