Wencan Group Balance Sheet Health
Financial Health criteria checks 3/6
Wencan Group has a total shareholder equity of CN¥4.2B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are CN¥8.8B and CN¥4.7B respectively. Wencan Group's EBIT is CN¥313.0M making its interest coverage ratio 3. It has cash and short-term investments of CN¥861.9M.
Key information
57.8%
Debt to equity ratio
CN¥2.41b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥861.93m |
| Equity | CN¥4.17b |
| Total liabilities | CN¥4.65b |
| Total assets | CN¥8.82b |
Recent financial health updates
Recent updates
Here's Why Wencan Group (SHSE:603348) Has A Meaningful Debt Burden
Dec 05
Returns Are Gaining Momentum At Wencan Group (SHSE:603348)
Nov 17Is Now The Time To Look At Buying Wencan Group Co., Ltd. (SHSE:603348)?
Sep 26Wencan Group's (SHSE:603348) Profits May Not Reveal Underlying Issues
Aug 27Wencan Group Co., Ltd.'s (SHSE:603348) Popularity With Investors Is Clear
Aug 08Wencan Group Co., Ltd. (SHSE:603348) Doing What It Can To Lift Shares
Apr 17Financial Position Analysis
Short Term Liabilities: 603348's short term assets (CN¥3.5B) do not cover its short term liabilities (CN¥3.6B).
Long Term Liabilities: 603348's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603348's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: 603348's debt to equity ratio has increased from 53% to 57.8% over the past 5 years.
Debt Coverage: 603348's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 603348's interest payments on its debt are not well covered by EBIT (3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/07 08:47 |
| End of Day Share Price | 2025/01/07 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wencan Group Co., Ltd. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joey Yang | BofA Global Research |
| Fu Yang | Chasing Securities |
| Chen He | Chasing Securities |