Shenergy Balance Sheet Health
Financial Health criteria checks 2/6
Shenergy has a total shareholder equity of CN¥42.8B and total debt of CN¥37.4B, which brings its debt-to-equity ratio to 87.4%. Its total assets and total liabilities are CN¥95.4B and CN¥52.6B respectively. Shenergy's EBIT is CN¥4.4B making its interest coverage ratio -10. It has cash and short-term investments of CN¥12.0B.
Key information
87.4%
Debt to equity ratio
CN¥37.44b
Debt
| Interest coverage ratio | -10x |
| Cash | CN¥12.03b |
| Equity | CN¥42.84b |
| Total liabilities | CN¥52.56b |
| Total assets | CN¥95.40b |
Recent financial health updates
Recent updates
Shenergy (SHSE:600642) Seems To Use Debt Quite Sensibly
Sep 25
Solid Earnings May Not Tell The Whole Story For Shenergy (SHSE:600642)
Sep 06A Look At The Fair Value Of Shenergy Company Limited (SHSE:600642)
Aug 27Returns At Shenergy (SHSE:600642) Are On The Way Up
Aug 12Shenergy Company Limited's (SHSE:600642) Business And Shares Still Trailing The Market
Jul 12Here's Why We Think Shenergy (SHSE:600642) Is Well Worth Watching
Jun 24Calculating The Fair Value Of Shenergy Company Limited (SHSE:600642)
May 21Shenergy (SHSE:600642) Has Some Way To Go To Become A Multi-Bagger
Apr 15Lacklustre Performance Is Driving Shenergy Company Limited's (SHSE:600642) Low P/S
Feb 27Financial Position Analysis
Short Term Liabilities: 600642's short term assets (CN¥23.8B) do not cover its short term liabilities (CN¥24.3B).
Long Term Liabilities: 600642's short term assets (CN¥23.8B) do not cover its long term liabilities (CN¥28.2B).
Debt to Equity History and Analysis
Debt Level: 600642's net debt to equity ratio (59.3%) is considered high.
Reducing Debt: 600642's debt to equity ratio has increased from 51% to 87.4% over the past 5 years.
Debt Coverage: 600642's debt is well covered by operating cash flow (21.8%).
Interest Coverage: 600642 earns more interest than it pays, so coverage of interest payments is not a concern.