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¥766.8M and total debt of CN¥5.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥1.7B and CN¥919.1M respectively. Shaanxi Baoguang Vacuum Electric Device's EBIT is CN¥89.4M making its interest coverage ratio -28.5. It has cash and short-term investments of CN¥413.7M.
Key information
0.7%
Debt to equity ratio
CN¥5.00m
Debt
| Interest coverage ratio | -28.5x |
| Cash | CN¥413.72m |
| Equity | CN¥766.83m |
| Total liabilities | CN¥919.13m |
| Total assets | CN¥1.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600379's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥870.7M).
Long Term Liabilities: 600379's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥48.4M).
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 12.8% to 0.7% over the past 5 years.
Debt Coverage: 600379's debt is well covered by operating cash flow (1322.9%).
Interest Coverage: 600379 earns more interest than it pays, so coverage of interest payments is not a concern.