Shanghai Dazhong Public Utilities(Group)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Dazhong Public Utilities(Group)Ltd has a total shareholder equity of CN¥9.8B and total debt of CN¥8.3B, which brings its debt-to-equity ratio to 84.9%. Its total assets and total liabilities are CN¥23.0B and CN¥13.2B respectively. Shanghai Dazhong Public Utilities(Group)Ltd's EBIT is CN¥295.2M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥3.3B.
Key information
84.9%
Debt to equity ratio
CN¥8.33b
Debt
Interest coverage ratio | -1.8x |
Cash | CN¥3.29b |
Equity | CN¥9.82b |
Total liabilities | CN¥13.17b |
Total assets | CN¥22.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1635's short term assets (CN¥5.8B) do not cover its short term liabilities (CN¥8.2B).
Long Term Liabilities: 1635's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥5.0B).
Debt to Equity History and Analysis
Debt Level: 1635's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 1635's debt to equity ratio has increased from 84.6% to 84.9% over the past 5 years.
Debt Coverage: 1635's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 1635 earns more interest than it pays, so coverage of interest payments is not a concern.