Suzhou Secote Precision ElectronicLTD Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Secote Precision ElectronicLTD has a total shareholder equity of CN¥2.3B and total debt of CN¥376.9M, which brings its debt-to-equity ratio to 16.3%. Its total assets and total liabilities are CN¥4.7B and CN¥2.4B respectively. Suzhou Secote Precision ElectronicLTD's EBIT is CN¥871.5M making its interest coverage ratio 219.1. It has cash and short-term investments of CN¥741.9M.
Key information
16.3%
Debt to equity ratio
CN¥376.90m
Debt
| Interest coverage ratio | 219.1x |
| Cash | CN¥741.91m |
| Equity | CN¥2.31b |
| Total liabilities | CN¥2.43b |
| Total assets | CN¥4.74b |
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
Suzhou 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¥3.1B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603283's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥114.0M).
Debt to Equity History and Analysis
Debt Level: 603283 has more cash than its total debt.
Reducing Debt: 603283's debt to equity ratio has reduced from 23.6% to 16.3% over the past 5 years.
Debt Coverage: 603283's debt is well covered by operating cash flow (382.5%).
Interest Coverage: 603283's interest payments on its debt are well covered by EBIT (219.1x coverage).