Shaanxi Baoguang Vacuum Electric Device Balance Sheet Health
Financial Health criteria checks 6/6
Shaanxi Baoguang Vacuum Electric Device has a total shareholder equity of CN¥751.9M and total debt of CN¥43.0M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥1.6B and CN¥845.2M respectively. Shaanxi Baoguang Vacuum Electric Device's EBIT is CN¥75.0M making its interest coverage ratio -18.4. It has cash and short-term investments of CN¥427.1M.
Key information
5.7%
Debt to equity ratio
CN¥43.00m
Debt
| Interest coverage ratio | -18.4x |
| Cash | CN¥427.06m |
| Equity | CN¥751.94m |
| Total liabilities | CN¥845.24m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600379's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥795.8M).
Long Term Liabilities: 600379's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥49.4M).
Debt to Equity History and Analysis
Debt Level: 600379 has more cash than its total debt.
Reducing Debt: 600379's debt to equity ratio has reduced from 11.3% to 5.7% over the past 5 years.
Debt Coverage: 600379's debt is well covered by operating cash flow (272.8%).
Interest Coverage: 600379 earns more interest than it pays, so coverage of interest payments is not a concern.