Shandong Shengli Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Shengli has a total shareholder equity of CN¥3.3B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are CN¥6.9B and CN¥3.7B respectively. Shandong Shengli's EBIT is CN¥297.0M making its interest coverage ratio 6.1. It has cash and short-term investments of CN¥643.6M.
Key information
63.7%
Debt to equity ratio
CN¥2.09b
Debt
Interest coverage ratio | 6.1x |
Cash | CN¥643.58m |
Equity | CN¥3.28b |
Total liabilities | CN¥3.65b |
Total assets | CN¥6.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000407's short term assets (CN¥1.9B) do not cover its short term liabilities (CN¥2.8B).
Long Term Liabilities: 000407's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥878.1M).
Debt to Equity History and Analysis
Debt Level: 000407's net debt to equity ratio (44.1%) is considered high.
Reducing Debt: 000407's debt to equity ratio has increased from 44% to 63.7% over the past 5 years.
Debt Coverage: 000407's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 000407's interest payments on its debt are well covered by EBIT (6.1x coverage).