Nanjing ShengHang Shipping Balance Sheet Health
Financial Health criteria checks 2/6
Nanjing ShengHang Shipping has a total shareholder equity of CN¥1.8B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 98.9%. Its total assets and total liabilities are CN¥4.1B and CN¥2.3B respectively. Nanjing ShengHang Shipping's EBIT is CN¥315.6M making its interest coverage ratio -227. It has cash and short-term investments of CN¥507.4M.
Key information
98.9%
Debt to equity ratio
CN¥1.77b
Debt
Interest coverage ratio | -227x |
Cash | CN¥507.44m |
Equity | CN¥1.79b |
Total liabilities | CN¥2.30b |
Total assets | CN¥4.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001205's short term assets (CN¥822.0M) do not cover its short term liabilities (CN¥911.5M).
Long Term Liabilities: 001205's short term assets (CN¥822.0M) do not cover its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 001205's net debt to equity ratio (70.6%) is considered high.
Reducing Debt: 001205's debt to equity ratio has increased from 32.9% to 98.9% over the past 5 years.
Debt Coverage: 001205's debt is well covered by operating cash flow (28.5%).
Interest Coverage: 001205 earns more interest than it pays, so coverage of interest payments is not a concern.