Nanjing ShengHang Shipping Balance Sheet Health
Financial Health criteria checks 1/6
Nanjing ShengHang Shipping has a total shareholder equity of CN¥2.0B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 105.1%. Its total assets and total liabilities are CN¥4.9B and CN¥2.9B respectively. Nanjing ShengHang Shipping's EBIT is CN¥319.5M making its interest coverage ratio 4.3. It has cash and short-term investments of CN¥320.5M.
Key information
105.1%
Debt to equity ratio
CN¥2.10b
Debt
| Interest coverage ratio | 4.3x |
| Cash | CN¥320.53m |
| Equity | CN¥2.00b |
| Total liabilities | CN¥2.93b |
| Total assets | CN¥4.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001205's short term assets (CN¥689.6M) do not cover its short term liabilities (CN¥1.3B).
Long Term Liabilities: 001205's short term assets (CN¥689.6M) do not cover its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 001205's net debt to equity ratio (89.1%) is considered high.
Reducing Debt: 001205's debt to equity ratio has increased from 32.7% to 105.1% over the past 5 years.
Debt Coverage: 001205's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: 001205's interest payments on its debt are well covered by EBIT (4.3x coverage).