Wencan Group Balance Sheet Health
Financial Health criteria checks 2/6
Wencan Group has a total shareholder equity of CN¥3.3B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are CN¥8.0B and CN¥4.7B respectively. Wencan Group's EBIT is CN¥239.7M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥453.4M.
Key information
82.0%
Debt to equity ratio
CN¥2.67b
Debt
Interest coverage ratio | 2.7x |
Cash | CN¥453.44m |
Equity | CN¥3.26b |
Total liabilities | CN¥4.73b |
Total assets | CN¥7.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603348's short term assets (CN¥2.7B) do not cover its short term liabilities (CN¥3.4B).
Long Term Liabilities: 603348's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603348's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: 603348's debt to equity ratio has increased from 21.6% to 82% over the past 5 years.
Debt Coverage: 603348's debt is well covered by operating cash flow (27.1%).
Interest Coverage: 603348's interest payments on its debt are not well covered by EBIT (2.7x coverage).