Wuxi New Hongtai Electrical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Wuxi New Hongtai Electrical TechnologyLtd has a total shareholder equity of CN¥847.8M and total debt of CN¥2.8M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.0B and CN¥177.0M respectively. Wuxi New Hongtai Electrical TechnologyLtd's EBIT is CN¥68.2M making its interest coverage ratio -19.9. It has cash and short-term investments of CN¥266.1M.
Key information
0.3%
Debt to equity ratio
CN¥2.80m
Debt
| Interest coverage ratio | -19.9x |
| Cash | CN¥266.09m |
| Equity | CN¥847.82m |
| Total liabilities | CN¥177.03m |
| Total assets | CN¥1.02b |
Financial Position Analysis
Short Term Liabilities: 603016's short term assets (CN¥851.8M) exceed its short term liabilities (CN¥177.0M).
Long Term Liabilities: 603016 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 603016 has more cash than its total debt.
Reducing Debt: 603016's debt to equity ratio has increased from 0% to 0.3% over the past 5 years.
Debt Coverage: 603016's debt is well covered by operating cash flow (4098.4%).
Interest Coverage: 603016 earns more interest than it pays, so coverage of interest payments is not a concern.