Wanxiang QianchaoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wanxiang QianchaoLtd has a total shareholder equity of CN¥9.1B and total debt of CN¥4.7B, which brings its debt-to-equity ratio to 52.1%. Its total assets and total liabilities are CN¥20.9B and CN¥11.8B respectively. Wanxiang QianchaoLtd's EBIT is CN¥1.1B making its interest coverage ratio -16.1. It has cash and short-term investments of CN¥5.3B.
Key information
52.1%
Debt to equity ratio
CN¥4.72b
Debt
Interest coverage ratio | -16.1x |
Cash | CN¥5.26b |
Equity | CN¥9.05b |
Total liabilities | CN¥11.84b |
Total assets | CN¥20.89b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000559's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥10.7B).
Long Term Liabilities: 000559's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥1.2B).
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 30.8% to 52.1% over the past 5 years.
Debt Coverage: 000559's debt is well covered by operating cash flow (25.5%).
Interest Coverage: 000559 earns more interest than it pays, so coverage of interest payments is not a concern.