Wanxiang QianchaoLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wanxiang QianchaoLtd has a total shareholder equity of CN¥9.3B and total debt of CN¥4.5B, which brings its debt-to-equity ratio to 48.8%. Its total assets and total liabilities are CN¥20.8B and CN¥11.5B respectively. Wanxiang QianchaoLtd's EBIT is CN¥944.2M making its interest coverage ratio 70.1. It has cash and short-term investments of CN¥4.8B.
Key information
48.8%
Debt to equity ratio
CN¥4.55b
Debt
Interest coverage ratio | 70.1x |
Cash | CN¥4.85b |
Equity | CN¥9.33b |
Total liabilities | CN¥11.49b |
Total assets | CN¥20.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000559's short term assets (CN¥12.4B) exceed its short term liabilities (CN¥9.6B).
Long Term Liabilities: 000559's short term assets (CN¥12.4B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 000559 has more cash than its total debt.
Reducing Debt: 000559's debt to equity ratio has increased from 30.1% to 48.8% over the past 5 years.
Debt Coverage: 000559's debt is well covered by operating cash flow (21%).
Interest Coverage: 000559's interest payments on its debt are well covered by EBIT (70.1x coverage).