Suzhou Secote Precision ElectronicLTD Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Secote Precision ElectronicLTD has a total shareholder equity of CN¥2.4B and total debt of CN¥732.1M, which brings its debt-to-equity ratio to 30.4%. Its total assets and total liabilities are CN¥5.3B and CN¥2.9B respectively. Suzhou Secote Precision ElectronicLTD's EBIT is CN¥846.1M making its interest coverage ratio 363.7. It has cash and short-term investments of CN¥612.6M.
Key information
30.4%
Debt to equity ratio
CN¥732.11m
Debt
| Interest coverage ratio | 363.7x |
| Cash | CN¥612.65m |
| Equity | CN¥2.41b |
| Total liabilities | CN¥2.91b |
| Total assets | CN¥5.32b |
Recent financial health updates
Suzhou Secote Precision ElectronicLTD (SHSE:603283) Seems To Use Debt Rather Sparingly
Jul 13
Is Suzhou Secote Precision ElectronicLTD (SHSE:603283) A Risky Investment?
Mar 20Recent updates
Why Investors Shouldn't Be Surprised By Suzhou Secote Precision Electronic Co.,LTD's (SHSE:603283) 29% Share Price Plunge
Aug 15Suzhou Secote Precision ElectronicLTD (SHSE:603283) Seems To Use Debt Rather Sparingly
Jul 13If EPS Growth Is Important To You, Suzhou Secote Precision ElectronicLTD (SHSE:603283) Presents An Opportunity
Jun 26Improved Earnings Required Before Suzhou Secote Precision Electronic Co.,LTD (SHSE:603283) Shares Find Their Feet
Jun 10Suzhou Secote Precision ElectronicLTD's (SHSE:603283) Solid Earnings Are Supported By Other Strong Factors
May 06Investors Shouldn't Overlook Suzhou Secote Precision ElectronicLTD's (SHSE:603283) Impressive Returns On Capital
Apr 26Is Suzhou Secote Precision ElectronicLTD (SHSE:603283) A Risky Investment?
Mar 20Further Upside For Suzhou Secote Precision Electronic Co.,LTD (SHSE:603283) Shares Could Introduce Price Risks After 25% Bounce
Mar 04Financial Position Analysis
Short Term Liabilities: 603283's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 603283's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥101.4M).
Debt to Equity History and Analysis
Debt Level: 603283's net debt to equity ratio (5%) is considered satisfactory.
Reducing Debt: 603283's debt to equity ratio has reduced from 37.8% to 30.4% over the past 5 years.
Debt Coverage: 603283's debt is well covered by operating cash flow (139.6%).
Interest Coverage: 603283's interest payments on its debt are well covered by EBIT (363.7x coverage).