VT Industrial TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
VT Industrial TechnologyLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥373.4M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are CN¥1.9B and CN¥725.5M respectively. VT Industrial TechnologyLtd's EBIT is CN¥59.3M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥582.2M.
Key information
32.0%
Debt to equity ratio
CN¥373.44m
Debt
| Interest coverage ratio | 4.6x |
| Cash | CN¥582.17m |
| Equity | CN¥1.17b |
| Total liabilities | CN¥725.50m |
| Total assets | CN¥1.89b |
Recent financial health updates
No updates
Recent updates
Optimistic Investors Push VT Industrial Technology Co.,Ltd (SZSE:300707) Shares Up 42% But Growth Is Lacking
Oct 09
Earnings Troubles May Signal Larger Issues for VT Industrial TechnologyLtd (SZSE:300707) Shareholders
Sep 05Returns On Capital At VT Industrial TechnologyLtd (SZSE:300707) Paint A Concerning Picture
Jul 19What VT Industrial Technology Co.,Ltd's (SZSE:300707) 28% Share Price Gain Is Not Telling You
May 21VT Industrial Technology Co.,Ltd (SZSE:300707) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected
Mar 07Financial Position Analysis
Short Term Liabilities: 300707's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥347.3M).
Long Term Liabilities: 300707's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥378.2M).
Debt to Equity History and Analysis
Debt Level: 300707 has more cash than its total debt.
Reducing Debt: 300707's debt to equity ratio has increased from 4.6% to 32% over the past 5 years.
Debt Coverage: 300707's debt is well covered by operating cash flow (32.6%).
Interest Coverage: 300707's interest payments on its debt are well covered by EBIT (4.6x coverage).