VT Industrial TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
VT Industrial TechnologyLtd has a total shareholder equity of CN¥828.6M and total debt of CN¥456.3M, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are CN¥1.6B and CN¥742.5M respectively. VT Industrial TechnologyLtd's EBIT is CN¥51.0M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥394.8M.
Key information
55.1%
Debt to equity ratio
CN¥456.31m
Debt
Interest coverage ratio | 2.2x |
Cash | CN¥394.82m |
Equity | CN¥828.63m |
Total liabilities | CN¥742.53m |
Total assets | CN¥1.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300707's short term assets (CN¥953.8M) exceed its short term liabilities (CN¥334.9M).
Long Term Liabilities: 300707's short term assets (CN¥953.8M) exceed its long term liabilities (CN¥407.7M).
Debt to Equity History and Analysis
Debt Level: 300707's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 300707's debt to equity ratio has increased from 11% to 55.1% over the past 5 years.
Debt Coverage: 300707's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: 300707's interest payments on its debt are not well covered by EBIT (2.2x coverage).