WuHu Foresight TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
WuHu Foresight TechnologyLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥21.3M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥1.9B and CN¥687.1M respectively. WuHu Foresight TechnologyLtd's EBIT is CN¥100.2M making its interest coverage ratio -18.7. It has cash and short-term investments of CN¥386.5M.
Key information
1.7%
Debt to equity ratio
CN¥21.34m
Debt
| Interest coverage ratio | -18.7x |
| Cash | CN¥386.49m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥687.06m |
| Total assets | CN¥1.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301529's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥615.5M).
Long Term Liabilities: 301529's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥71.6M).
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 15.3% to 1.7% over the past 5 years.
Debt Coverage: 301529's debt is well covered by operating cash flow (416.1%).
Interest Coverage: 301529 earns more interest than it pays, so coverage of interest payments is not a concern.