Shenergy Balance Sheet Health
Financial Health criteria checks 2/6
Shenergy has a total shareholder equity of CN¥43.7B and total debt of CN¥35.0B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are CN¥96.0B and CN¥52.3B respectively. Shenergy's EBIT is CN¥4.8B making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥13.1B.
Key information
80.1%
Debt to equity ratio
CN¥35.00b
Debt
Interest coverage ratio | -3.1x |
Cash | CN¥13.12b |
Equity | CN¥43.71b |
Total liabilities | CN¥52.27b |
Total assets | CN¥95.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600642's short term assets (CN¥24.8B) exceed its short term liabilities (CN¥23.4B).
Long Term Liabilities: 600642's short term assets (CN¥24.8B) do not cover its long term liabilities (CN¥28.9B).
Debt to Equity History and Analysis
Debt Level: 600642's net debt to equity ratio (50.1%) is considered high.
Reducing Debt: 600642's debt to equity ratio has increased from 53.8% to 80.1% over the past 5 years.
Debt Coverage: 600642's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 600642 earns more interest than it pays, so coverage of interest payments is not a concern.