Weifu High-Technology Group Balance Sheet Health
Financial Health criteria checks 5/6
Weifu High-Technology Group has a total shareholder equity of CN¥20.7B and total debt of CN¥845.9M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥28.2B and CN¥7.5B respectively. Weifu High-Technology Group's EBIT is CN¥368.8M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥3.8B.
Key information
4.1%
Debt to equity ratio
CN¥845.88m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥3.78b |
Equity | CN¥20.73b |
Total liabilities | CN¥7.47b |
Total assets | CN¥28.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200581's short term assets (CN¥13.8B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 200581's short term assets (CN¥13.8B) exceed its long term liabilities (CN¥733.3M).
Debt to Equity History and Analysis
Debt Level: 200581 has more cash than its total debt.
Reducing Debt: 200581's debt to equity ratio has increased from 2.7% to 4.1% over the past 5 years.
Debt Coverage: 200581's debt is well covered by operating cash flow (128.3%).
Interest Coverage: 200581 earns more interest than it pays, so coverage of interest payments is not a concern.