Atlantic China Welding Consumables Balance Sheet Health
Financial Health criteria checks 6/6
Atlantic China Welding Consumables has a total shareholder equity of CN¥2.5B and total debt of CN¥95.2M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥3.2B and CN¥677.0M respectively. Atlantic China Welding Consumables's EBIT is CN¥158.1M making its interest coverage ratio -78.5. It has cash and short-term investments of CN¥411.5M.
Key information
3.8%
Debt to equity ratio
CN¥95.17m
Debt
| Interest coverage ratio | -78.5x |
| Cash | CN¥411.51m |
| Equity | CN¥2.52b |
| Total liabilities | CN¥677.04m |
| Total assets | CN¥3.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600558's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥613.5M).
Long Term Liabilities: 600558's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥63.5M).
Debt to Equity History and Analysis
Debt Level: 600558 has more cash than its total debt.
Reducing Debt: 600558's debt to equity ratio has reduced from 15.6% to 3.8% over the past 5 years.
Debt Coverage: 600558's debt is well covered by operating cash flow (270.7%).
Interest Coverage: 600558 earns more interest than it pays, so coverage of interest payments is not a concern.