Wencan Group Balance Sheet Health
Financial Health criteria checks 2/6
Wencan Group has a total shareholder equity of CN¥3.2B and total debt of CN¥2.5B, which brings its debt-to-equity ratio to 78.5%. Its total assets and total liabilities are CN¥7.5B and CN¥4.3B respectively. Wencan Group's EBIT is CN¥118.1M making its interest coverage ratio 1.5. It has cash and short-term investments of CN¥354.0M.
Key information
78.5%
Debt to equity ratio
CN¥2.49b
Debt
Interest coverage ratio | 1.5x |
Cash | CN¥354.01m |
Equity | CN¥3.17b |
Total liabilities | CN¥4.28b |
Total assets | CN¥7.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603348's short term assets (CN¥2.5B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 603348's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 603348's net debt to equity ratio (67.4%) is considered high.
Reducing Debt: 603348's debt to equity ratio has increased from 23.4% to 78.5% over the past 5 years.
Debt Coverage: 603348's debt is well covered by operating cash flow (26.9%).
Interest Coverage: 603348's interest payments on its debt are not well covered by EBIT (1.5x coverage).