Shandong Shengli Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Shengli has a total shareholder equity of CN¥3.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are CN¥6.6B and CN¥3.3B respectively. Shandong Shengli's EBIT is CN¥278.0M making its interest coverage ratio 4.7. It has cash and short-term investments of CN¥764.8M.
Key information
46.2%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | 4.7x |
| Cash | CN¥764.83m |
| Equity | CN¥3.30b |
| Total liabilities | CN¥3.35b |
| Total assets | CN¥6.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000407's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥2.8B).
Long Term Liabilities: 000407's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥575.1M).
Debt to Equity History and Analysis
Debt Level: 000407's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: 000407's debt to equity ratio has increased from 39.5% to 46.2% over the past 5 years.
Debt Coverage: 000407's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 000407's interest payments on its debt are well covered by EBIT (4.7x coverage).