WuHu Foresight TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
WuHu Foresight TechnologyLtd has a total shareholder equity of CN¥1.3B and total debt of CN¥10.8M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥1.9B and CN¥613.1M respectively. WuHu Foresight TechnologyLtd's EBIT is CN¥73.6M making its interest coverage ratio -33.9. It has cash and short-term investments of CN¥434.7M.
Key information
0.9%
Debt to equity ratio
CN¥10.81m
Debt
Interest coverage ratio | -33.9x |
Cash | CN¥434.65m |
Equity | CN¥1.26b |
Total liabilities | CN¥613.08m |
Total assets | CN¥1.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301529's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥549.5M).
Long Term Liabilities: 301529's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥63.5M).
Debt to Equity History and Analysis
Debt Level: 301529 has more cash than its total debt.
Reducing Debt: 301529's debt to equity ratio has reduced from 21% to 0.9% over the past 5 years.
Debt Coverage: 301529's debt is well covered by operating cash flow (1417.8%).
Interest Coverage: 301529 earns more interest than it pays, so coverage of interest payments is not a concern.