Wencan Group Balance Sheet Health
Financial Health criteria checks 3/6
Wencan Group has a total shareholder equity of CN¥4.2B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 57.8%. Its total assets and total liabilities are CN¥8.8B and CN¥4.7B respectively. Wencan Group's EBIT is CN¥313.0M making its interest coverage ratio 3. It has cash and short-term investments of CN¥861.9M.
Key information
57.8%
Debt to equity ratio
CN¥2.41b
Debt
| Interest coverage ratio | 3x |
| Cash | CN¥861.93m |
| Equity | CN¥4.17b |
| Total liabilities | CN¥4.65b |
| Total assets | CN¥8.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603348's short term assets (CN¥3.5B) do not cover its short term liabilities (CN¥3.6B).
Long Term Liabilities: 603348's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603348's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: 603348's debt to equity ratio has increased from 53% to 57.8% over the past 5 years.
Debt Coverage: 603348's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 603348's interest payments on its debt are not well covered by EBIT (3x coverage).