Wuxi Longsheng TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Wuxi Longsheng TechnologyLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are CN¥3.5B and CN¥1.7B respectively. Wuxi Longsheng TechnologyLtd's EBIT is CN¥208.8M making its interest coverage ratio -51. It has cash and short-term investments of CN¥734.1M.
Key information
59.0%
Debt to equity ratio
CN¥1.05b
Debt
| Interest coverage ratio | -51x |
| Cash | CN¥734.10m |
| Equity | CN¥1.77b |
| Total liabilities | CN¥1.74b |
| Total assets | CN¥3.51b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300680's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300680's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥259.1M).
Debt to Equity History and Analysis
Debt Level: 300680's net debt to equity ratio (17.6%) is considered satisfactory.
Reducing Debt: 300680's debt to equity ratio has increased from 40.5% to 59% over the past 5 years.
Debt Coverage: 300680's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 300680 earns more interest than it pays, so coverage of interest payments is not a concern.