Wuxi Best Precision Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Wuxi Best Precision Machinery has a total shareholder equity of CN¥3.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.5B and CN¥568.2M respectively. Wuxi Best Precision Machinery's EBIT is CN¥291.4M making its interest coverage ratio -31.4. It has cash and short-term investments of CN¥885.4M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -31.4x |
Cash | CN¥885.36m |
Equity | CN¥2.96b |
Total liabilities | CN¥568.21m |
Total assets | CN¥3.52b |
Recent financial health updates
No updates
Recent updates
Wuxi Best Precision Machinery Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Aug 11Little Excitement Around Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) Earnings
Jul 23Wuxi Best Precision Machinery's (SZSE:300580) Returns Have Hit A Wall
Jul 01Some Wuxi Best Precision Machinery Co., Ltd. (SZSE:300580) Shareholders Look For Exit As Shares Take 27% Pounding
Apr 16Some Confidence Is Lacking In Wuxi Best Precision Machinery Co., Ltd.'s (SZSE:300580) P/E
Feb 29Financial Position Analysis
Short Term Liabilities: 300580's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥326.4M).
Long Term Liabilities: 300580's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥241.8M).
Debt to Equity History and Analysis
Debt Level: 300580 is debt free.
Reducing Debt: 300580 has no debt compared to 5 years ago when its debt to equity ratio was 1.1%.
Debt Coverage: 300580 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 300580 has no debt, therefore coverage of interest payments is not a concern.