Wecome Intelligent Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Wecome Intelligent Manufacturing has a total shareholder equity of CN¥2.1B and total debt of CN¥237.5M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥3.0B and CN¥931.8M respectively. Wecome Intelligent Manufacturing's EBIT is CN¥105.7M making its interest coverage ratio -8.4. It has cash and short-term investments of CN¥574.2M.
Key information
11.3%
Debt to equity ratio
CN¥237.50m
Debt
| Interest coverage ratio | -8.4x |
| Cash | CN¥574.17m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥931.79m |
| Total assets | CN¥3.03b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603070's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥928.1M).
Long Term Liabilities: 603070's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥3.7M).
Debt to Equity History and Analysis
Debt Level: 603070 has more cash than its total debt.
Reducing Debt: 603070's debt to equity ratio has reduced from 44.4% to 11.3% over the past 5 years.
Debt Coverage: 603070's debt is well covered by operating cash flow (104.9%).
Interest Coverage: 603070 earns more interest than it pays, so coverage of interest payments is not a concern.