Wanxiang QianchaoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wanxiang QianchaoLtd has a total shareholder equity of CN¥9.3B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are CN¥22.3B and CN¥13.0B respectively. Wanxiang QianchaoLtd's EBIT is CN¥1.1B making its interest coverage ratio 221.7. It has cash and short-term investments of CN¥6.1B.
Key information
60.3%
Debt to equity ratio
CN¥5.61b
Debt
| Interest coverage ratio | 221.7x |
| Cash | CN¥6.12b |
| Equity | CN¥9.31b |
| Total liabilities | CN¥13.01b |
| Total assets | CN¥22.32b |
Recent financial health updates
Recent updates
Wanxiang Qianchao Co.,Ltd. (SZSE:000559) Held Back By Insufficient Growth Even After Shares Climb 29%
Nov 21
A Look At The Intrinsic Value Of Wanxiang Qianchao Co.,Ltd. (SZSE:000559)
Nov 14Investors Aren't Buying Wanxiang Qianchao Co.,Ltd.'s (SZSE:000559) Earnings
Oct 07Is Wanxiang QianchaoLtd (SZSE:000559) Using Too Much Debt?
Aug 16Returns On Capital At Wanxiang QianchaoLtd (SZSE:000559) Paint A Concerning Picture
Apr 22Wanxiang Qianchao Co.,Ltd. (SZSE:000559) Looks Inexpensive But Perhaps Not Attractive Enough
Mar 22Financial Position Analysis
Short Term Liabilities: 000559's short term assets (CN¥14.0B) exceed its short term liabilities (CN¥11.0B).
Long Term Liabilities: 000559's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 000559 has more cash than its total debt.
Reducing Debt: 000559's debt to equity ratio has increased from 34.7% to 60.3% over the past 5 years.
Debt Coverage: 000559's debt is well covered by operating cash flow (25.9%).
Interest Coverage: 000559's interest payments on its debt are well covered by EBIT (221.7x coverage).