Wolong Electric GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wolong Electric GroupLtd has a total shareholder equity of CN¥10.9B and total debt of CN¥6.2B, which brings its debt-to-equity ratio to 56.4%. Its total assets and total liabilities are CN¥24.8B and CN¥13.9B respectively. Wolong Electric GroupLtd's EBIT is CN¥1.4B making its interest coverage ratio 113.1. It has cash and short-term investments of CN¥2.4B.
Key information
56.4%
Debt to equity ratio
CN¥6.17b
Debt
| Interest coverage ratio | 113.1x |
| Cash | CN¥2.44b |
| Equity | CN¥10.94b |
| Total liabilities | CN¥13.89b |
| Total assets | CN¥24.84b |
Financial Position Analysis
Short Term Liabilities: 600580's short term assets (CN¥13.3B) exceed its short term liabilities (CN¥10.0B).
Long Term Liabilities: 600580's short term assets (CN¥13.3B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600580's net debt to equity ratio (34.1%) is considered satisfactory.
Reducing Debt: 600580's debt to equity ratio has reduced from 105.9% to 56.4% over the past 5 years.
Debt Coverage: 600580's debt is well covered by operating cash flow (26.1%).
Interest Coverage: 600580's interest payments on its debt are well covered by EBIT (113.1x coverage).