Shanghai Ace Investment&DevelopmentLtd Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Ace Investment&DevelopmentLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥523.7M, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are CN¥2.3B and CN¥1.0B respectively. Shanghai Ace Investment&DevelopmentLtd's EBIT is CN¥19.9M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥287.2M.
Key information
41.0%
Debt to equity ratio
CN¥523.74m
Debt
Interest coverage ratio | 1.3x |
Cash | CN¥287.20m |
Equity | CN¥1.28b |
Total liabilities | CN¥1.02b |
Total assets | CN¥2.29b |
Financial Position Analysis
Short Term Liabilities: 603329's short term assets (CN¥930.6M) exceed its short term liabilities (CN¥449.9M).
Long Term Liabilities: 603329's short term assets (CN¥930.6M) exceed its long term liabilities (CN¥565.2M).
Debt to Equity History and Analysis
Debt Level: 603329's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 603329's debt to equity ratio has increased from 6.6% to 41% over the past 5 years.
Debt Coverage: 603329's debt is well covered by operating cash flow (30.3%).
Interest Coverage: 603329's interest payments on its debt are not well covered by EBIT (1.3x coverage).