Wolong Electric GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Wolong Electric GroupLtd has a total shareholder equity of CN¥11.3B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 61.6%. Its total assets and total liabilities are CN¥26.0B and CN¥14.8B respectively. Wolong Electric GroupLtd's EBIT is CN¥939.6M making its interest coverage ratio 4.2. It has cash and short-term investments of CN¥2.9B.
Key information
61.6%
Debt to equity ratio
CN¥6.93b
Debt
| Interest coverage ratio | 4.2x |
| Cash | CN¥2.87b |
| Equity | CN¥11.25b |
| Total liabilities | CN¥14.78b |
| Total assets | CN¥26.03b |
Recent financial health updates
We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt
Sep 25
Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet
May 23Recent updates
Wolong Electric Group Co.,Ltd. (SHSE:600580) Held Back By Insufficient Growth Even After Shares Climb 27%
Nov 08Wolong Electric GroupLtd's (SHSE:600580) Soft Earnings Are Actually Better Than They Appear
Nov 06Is There Now An Opportunity In Wolong Electric Group Co.,Ltd. (SHSE:600580)?
Oct 26Wolong Electric GroupLtd (SHSE:600580) Is Reinvesting At Lower Rates Of Return
Oct 10We Think Wolong Electric GroupLtd (SHSE:600580) Is Taking Some Risk With Its Debt
Sep 25Earnings Tell The Story For Wolong Electric Group Co.,Ltd. (SHSE:600580)
Jul 29Wolong Electric GroupLtd (SHSE:600580) Has Announced That Its Dividend Will Be Reduced To CN¥0.10
Jul 12Wolong Electric GroupLtd (SHSE:600580) Has A Somewhat Strained Balance Sheet
May 23Investors Can Find Comfort In Wolong Electric GroupLtd's (SHSE:600580) Earnings Quality
May 06Wolong Electric GroupLtd (SHSE:600580) Has More To Do To Multiply In Value Going Forward
Apr 06Even With A 25% Surge, Cautious Investors Are Not Rewarding Wolong Electric Group Co.,Ltd.'s (SHSE:600580) Performance Completely
Mar 15Financial Position Analysis
Short Term Liabilities: 600580's short term assets (CN¥14.1B) exceed its short term liabilities (CN¥11.6B).
Long Term Liabilities: 600580's short term assets (CN¥14.1B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 600580's net debt to equity ratio (36%) is considered satisfactory.
Reducing Debt: 600580's debt to equity ratio has reduced from 95.3% to 61.6% over the past 5 years.
Debt Coverage: 600580's debt is well covered by operating cash flow (22.5%).
Interest Coverage: 600580's interest payments on its debt are well covered by EBIT (4.2x coverage).