Weifu High-Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Weifu High-Technology Group has a total shareholder equity of CN¥20.3B and total debt of CN¥651.8M, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are CN¥27.8B and CN¥7.5B respectively. Weifu High-Technology Group's EBIT is CN¥419.7M making its interest coverage ratio -0.3. It has cash and short-term investments of CN¥4.7B.
Key information
3.2%
Debt to equity ratio
CN¥651.78m
Debt
| Interest coverage ratio | -0.3x |
| Cash | CN¥4.74b |
| Equity | CN¥20.31b |
| Total liabilities | CN¥7.54b |
| Total assets | CN¥27.85b |
Recent financial health updates
Recent updates
Weifu High-Technology Group's (SZSE:000581) Solid Earnings Have Been Accounted For Conservatively
Oct 31
Some Confidence Is Lacking In Weifu High-Technology Group Co., Ltd.'s (SZSE:000581) P/S
Oct 08Weifu High-Technology Group (SZSE:000581) Will Be Hoping To Turn Its Returns On Capital Around
Jul 12Weifu High-Technology Group's (SZSE:000581) Solid Earnings May Rest On Weak Foundations
Apr 22Weifu High-Technology Group (SZSE:000581) Has Debt But No Earnings; Should You Worry?
Mar 06Financial Position Analysis
Short Term Liabilities: 000581's short term assets (CN¥13.6B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 000581's short term assets (CN¥13.6B) exceed its long term liabilities (CN¥515.7M).
Debt to Equity History and Analysis
Debt Level: 000581 has more cash than its total debt.
Reducing Debt: 000581's debt to equity ratio has increased from 2% to 3.2% over the past 5 years.
Debt Coverage: 000581's debt is well covered by operating cash flow (239.8%).
Interest Coverage: 000581 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 10:10 |
| End of Day Share Price | 2024/12/27 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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Industry and Sector Metrics
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Analyst Sources
Weifu High-Technology Group Co., Ltd. is covered by 25 analysts. 1 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 |
|---|---|
| Yi Wang | BOCI Research Ltd. |
| Min Xu | Central China Securities Co., Ltd. |
| Yuanrui Liu | Changjiang Securities Co. LTD. |