Shanghai Electric Power Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Electric Power has a total shareholder equity of CN¥52.2B and total debt of CN¥87.8B, which brings its debt-to-equity ratio to 168.2%. Its total assets and total liabilities are CN¥173.6B and CN¥121.4B respectively. Shanghai Electric Power's EBIT is CN¥7.0B making its interest coverage ratio 3.5. It has cash and short-term investments of CN¥8.6B.
Key information
168.2%
Debt to equity ratio
CN¥87.81b
Debt
Interest coverage ratio | 3.5x |
Cash | CN¥8.65b |
Equity | CN¥52.20b |
Total liabilities | CN¥121.40b |
Total assets | CN¥173.60b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600021's short term assets (CN¥38.0B) do not cover its short term liabilities (CN¥47.0B).
Long Term Liabilities: 600021's short term assets (CN¥38.0B) do not cover its long term liabilities (CN¥74.4B).
Debt to Equity History and Analysis
Debt Level: 600021's net debt to equity ratio (151.7%) is considered high.
Reducing Debt: 600021's debt to equity ratio has reduced from 215% to 168.2% over the past 5 years.
Debt Coverage: 600021's debt is not well covered by operating cash flow (9%).
Interest Coverage: 600021's interest payments on its debt are well covered by EBIT (3.5x coverage).