Chongqing Wangbian Electric (Group) Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Wangbian Electric (Group) has a total shareholder equity of CN¥2.4B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 57.4%. Its total assets and total liabilities are CN¥5.3B and CN¥2.9B respectively. Chongqing Wangbian Electric (Group)'s EBIT is CN¥205.4M making its interest coverage ratio 51114.2. It has cash and short-term investments of CN¥987.1M.
Key information
57.4%
Debt to equity ratio
CN¥1.39b
Debt
| Interest coverage ratio | 51114.2x |
| Cash | CN¥987.06m |
| Equity | CN¥2.42b |
| Total liabilities | CN¥2.87b |
| Total assets | CN¥5.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603191's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 603191's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 603191's net debt to equity ratio (16.5%) is considered satisfactory.
Reducing Debt: 603191's debt to equity ratio has increased from 28.7% to 57.4% over the past 5 years.
Debt Coverage: 603191's debt is not well covered by operating cash flow (16.2%).
Interest Coverage: 603191's interest payments on its debt are well covered by EBIT (51114.2x coverage).