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¥760.8M 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¥927.4M respectively. Shaanxi Baoguang Vacuum Electric Device's EBIT is CN¥85.8M making its interest coverage ratio -24.5. It has cash and short-term investments of CN¥442.9M.
Key information
0.7%
Debt to equity ratio
CN¥5.00m
Debt
| Interest coverage ratio | -24.5x |
| Cash | CN¥442.87m |
| Equity | CN¥760.80m |
| Total liabilities | CN¥927.45m |
| 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¥880.7M).
Long Term Liabilities: 600379's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥46.7M).
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 13.1% to 0.7% over the past 5 years.
Debt Coverage: 600379's debt is well covered by operating cash flow (1654.4%).
Interest Coverage: 600379 earns more interest than it pays, so coverage of interest payments is not a concern.